Mason Street Advisors LLC increased its stake in Power Integrations, Inc. (NASDAQ:POWI) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,878 shares of the semiconductor company’s stock after buying an additional 510 shares during the period. Mason Street Advisors LLC’s holdings in Power Integrations were worth $452,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Tyers Asset Management LLC acquired a new stake in shares of Power Integrations during the fourth quarter valued at $114,000. Asset Management One Co. Ltd. acquired a new stake in shares of Power Integrations during the fourth quarter valued at $129,000. Flinton Capital Management LLC acquired a new stake in shares of Power Integrations during the fourth quarter valued at $138,000. Ameritas Investment Partners Inc. purchased a new stake in Power Integrations during the first quarter worth approximately $156,000. Finally, Ellington Management Group LLC purchased a new stake in Power Integrations during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 96.24% of the company’s stock.
Shares of Power Integrations, Inc. (POWI) traded up 0.61% during trading on Monday, reaching $78.95. 116,249 shares of the company’s stock traded hands. The company has a 50 day moving average of $67.23 and a 200-day moving average of $66.50. Power Integrations, Inc. has a 1-year low of $51.01 and a 1-year high of $79.35. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 45.37 and a beta of 1.23.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.11. The company had revenue of $104.70 million during the quarter, compared to analyst estimates of $102.21 million. Power Integrations had a return on equity of 12.19% and a net margin of 13.07%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. Equities analysts predict that Power Integrations, Inc. will post $2.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, May 26th. Power Integrations’s dividend payout ratio is presently 31.29%.
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POWI has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $82.00 price target (up previously from $75.00) on shares of Power Integrations in a report on Friday, June 30th. Sidoti started coverage on shares of Power Integrations in a research note on Monday, April 17th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Saturday, June 24th. Finally, BidaskClub cut shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $74.00.
In other Power Integrations news, insider Balu Balakrishnan sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $75.00, for a total value of $3,750,000.00. Following the sale, the insider now directly owns 319,576 shares in the company, valued at $23,968,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Raja Petrakian sold 1,116 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $63.05, for a total value of $70,363.80. Following the completion of the transaction, the vice president now directly owns 33,087 shares in the company, valued at approximately $2,086,135.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,933 shares of company stock worth $5,026,763. 4.30% of the stock is currently owned by company insiders.
Power Integrations Company Profile
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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