State of Wyoming Takes Position in Power Integrations, Inc. $POWI

State of Wyoming acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, Holdings Channel reports. The firm acquired 11,217 shares of the semiconductor company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG boosted its position in shares of Power Integrations by 149.5% during the 4th quarter. UBS Group AG now owns 276,073 shares of the semiconductor company’s stock worth $9,812,000 after acquiring an additional 165,405 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Power Integrations by 248.4% during the 4th quarter. State of Alaska Department of Revenue now owns 30,924 shares of the semiconductor company’s stock worth $1,098,000 after acquiring an additional 22,049 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Power Integrations by 48,387.7% during the 3rd quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock worth $5,245,000 after acquiring an additional 130,163 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Power Integrations by 108.7% during the 4th quarter. SG Americas Securities LLC now owns 44,351 shares of the semiconductor company’s stock worth $1,576,000 after acquiring an additional 23,096 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after acquiring an additional 728,517 shares in the last quarter.

Analyst Ratings Changes

POWI has been the subject of several analyst reports. Susquehanna upped their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Stifel Nicolaus upped their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.50.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $77.02 on Monday. The stock has a market cap of $4.29 billion, a PE ratio of 256.74, a price-to-earnings-growth ratio of 3.35 and a beta of 1.57. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The business has a 50-day moving average price of $67.19 and a 200 day moving average price of $50.84.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.

Insider Transactions at Power Integrations

In related news, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total value of $499,266.95. Following the sale, the director owned 30,609 shares in the company, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 335,085 shares of company stock valued at $27,338,789. Corporate insiders own 1.40% of the company’s stock.

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.