Van Diest Capital LLC Invests $476,000 in Power Integrations, Inc. $POWI

Van Diest Capital LLC purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,290 shares of the semiconductor company’s stock, valued at approximately $476,000.

Other large investors have also made changes to their positions in the company. Cannell & Spears LLC boosted its holdings in Power Integrations by 98.8% during the first quarter. Cannell & Spears LLC now owns 63,278 shares of the semiconductor company’s stock worth $3,030,000 after buying an additional 31,452 shares in the last quarter. Sei Investments Co. grew its position in Power Integrations by 36.2% during the first quarter. Sei Investments Co. now owns 218,429 shares of the semiconductor company’s stock worth $11,183,000 after buying an additional 58,057 shares during the period. Cetera Investment Advisers increased its holdings in Power Integrations by 22.1% in the first quarter. Cetera Investment Advisers now owns 15,843 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 2,871 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Power Integrations by 42.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,530 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 1,339 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Power Integrations during the 1st quarter valued at approximately $7,514,000.

Analyst Ratings Changes

POWI has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on Power Integrations in a research note on Wednesday, June 10th. They set a “buy” rating and a $90.00 price target on the stock. Benchmark raised their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Susquehanna boosted their target price on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.20.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 6,860 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $83.67, for a total value of $573,976.20. Following the completion of the transaction, the vice president owned 64,379 shares in the company, valued at $5,386,590.93. This represents a 9.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director directly owned 279,516 shares of the company’s stock, valued at $24,161,363.04. This trade represents a 30.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 334,772 shares of company stock worth $27,322,535. 1.20% of the stock is currently owned by company insiders.

Power Integrations Stock Down 10.5%

Shares of NASDAQ:POWI opened at $63.46 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 211.54, a P/E/G ratio of 3.25 and a beta of 1.57. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18. The stock’s fifty day simple moving average is $76.57 and its 200-day simple moving average is $60.62.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.76 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.215 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.