9,414 Shares in Power Integrations, Inc. $POWI Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,414 shares of the semiconductor company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also recently modified their holdings of POWI. Baird Financial Group Inc. raised its holdings in shares of Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 261 shares in the last quarter. Royal Bank of Canada grew its position in Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after acquiring an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Power Integrations by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after acquiring an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Power Integrations by 14.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Power Integrations by 15.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after buying an additional 23,389 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Susquehanna raised their target price on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Benchmark raised their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Needham & Company LLC began coverage on Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price for the company. Finally, Stifel Nicolaus raised their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.60.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Brathwaite sold 6,895 shares of Power Integrations 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 transaction, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. The trade was a 18.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 335,085 shares of company stock worth $27,338,789. 1.40% of the stock is owned by insiders.

Power Integrations Trading Down 4.8%

Shares of NASDAQ:POWI opened at $79.33 on Wednesday. The stock has a fifty day simple moving average of $70.97 and a two-hundred day simple moving average of $53.07. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 264.44, a PEG ratio of 3.62 and a beta of 1.57. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $89.00.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 business 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 firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

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