Disciplined Growth Investors Inc. MN cut its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,234,687 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Power Integrations comprises 1.9% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 19th biggest position. Disciplined Growth Investors Inc. MN owned about 4.15% of Power Integrations worth $90,009,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank boosted its position in Power Integrations by 22.8% during the second quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 279 shares during the last quarter. Advisor Group Inc. boosted its position in Power Integrations by 14.5% during the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 231 shares during the last quarter. Victory Capital Management Inc. boosted its position in Power Integrations by 22.7% during the first quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 409 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Power Integrations in the 1st quarter valued at about $156,000. Finally, Riverhead Capital Management LLC boosted its holdings in Power Integrations by 71.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 997 shares during the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.
Power Integrations, Inc. (NASDAQ:POWI) traded up 0.68% during trading on Friday, reaching $73.95. 24,591 shares of the company’s stock traded hands. Power Integrations, Inc. has a 1-year low of $60.67 and a 1-year high of $82.80. The firm has a 50 day moving average of $72.47 and a 200 day moving average of $69.66. The firm has a market capitalization of $2.20 billion, a PE ratio of 41.11 and a beta of 1.28.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The company had revenue of $107.56 million for the quarter, compared to analysts’ expectations of $107.85 million. During the same period last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts forecast that Power Integrations, Inc. will post $2.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were given a $0.14 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. Power Integrations’s dividend payout ratio is presently 29.95%.
In related news, VP David Mh Matthews sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total value of $71,220.00. Following the sale, the vice president now directly owns 43,405 shares of the company’s stock, valued at $3,091,304.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicholas Brathwaite sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $80.00, for a total transaction of $320,000.00. Following the completion of the sale, the director now directly owns 28,109 shares in the company, valued at $2,248,720. The disclosure for this sale can be found here. Insiders sold 7,593 shares of company stock worth $570,457 over the last three months. Corporate insiders own 4.30% of the company’s stock.
Several equities analysts have weighed in on POWI shares. BidaskClub lowered shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 target price (up from $75.00) on shares of Power Integrations in a report on Friday, June 30th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a report on Tuesday, July 25th. Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $81.33.
Power Integrations 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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