Public Employees Retirement System of Ohio Acquires Shares of 33,197 Power Integrations, Inc. $POWI

Public Employees Retirement System of Ohio acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,197 shares of the semiconductor company’s stock, valued at approximately $2,781,000. Public Employees Retirement System of Ohio owned about 0.06% of Power Integrations as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in POWI. Teachers Retirement System of The State of Kentucky increased its position in shares of Power Integrations by 180.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock worth $1,895,000 after purchasing an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Power Integrations during the 1st quarter worth approximately $3,138,000. Calamos Advisors LLC bought a new stake in shares of Power Integrations in the 1st quarter worth approximately $1,181,000. Emerald Advisers LLC acquired a new position in Power Integrations during the 1st quarter valued at approximately $5,941,000. Finally, Copeland Capital Management LLC boosted its position in Power Integrations by 12.6% during the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock valued at $67,676,000 after purchasing an additional 147,882 shares during the period.

Power Integrations Stock Performance

Shares of POWI opened at $50.45 on Friday. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 112.11 and a beta of 1.54. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $91.18. The stock’s fifty day moving average is $63.52 and its 200-day moving average is $63.44.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Analysts forecast that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Williams Trading set a $80.00 target price on shares of Power Integrations in a research note on Thursday, August 6th. Stifel Nicolaus dropped their price target on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Needham & Company LLC dropped their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.67.

Power Integrations Company 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.