Boston Trust Walden Corp Decreases Holdings in Power Integrations, Inc. $POWI

Boston Trust Walden Corp trimmed its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 10.7% in the first quarter, HoldingsChannel reports. The fund owned 577,605 shares of the semiconductor company’s stock after selling 69,139 shares during the period. Boston Trust Walden Corp’s holdings in Power Integrations were worth $29,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in POWI. Covestor Ltd raised its position in Power Integrations by 13.8% during the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after buying an additional 251 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 261 shares during the period. Cetera Investment Advisers raised its holdings in Power Integrations by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 340 shares in the last quarter. First National Bank of Omaha raised its holdings in Power Integrations by 0.8% during the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after purchasing an additional 366 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Power Integrations by 3.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after buying an additional 389 shares during the period.

Power Integrations Price Performance

NASDAQ POWI opened at $72.99 on Friday. The company has a 50 day simple moving average of $77.25 and a 200-day simple moving average of $57.09. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 243.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.57. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. During the same period in the prior year, the business posted $0.31 earnings per share. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Power Integrations’s payout ratio is presently 286.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stifel Nicolaus boosted their target price on Power Integrations from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Susquehanna upped their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a report on Monday, April 6th. Needham & Company LLC initiated coverage on shares of Power Integrations in a research report on Wednesday, June 10th. They set a “buy” rating and a $90.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and a consensus target price of $76.20.

Insider Buying and Selling

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of Power Integrations 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 transaction, the director directly owned 279,516 shares of the company’s stock, valued at $24,161,363.04. The trade was a 30.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the sale, the director directly owned 22,226 shares in the company, valued at approximately $1,925,216.12. This trade represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 334,772 shares of company stock valued at $27,322,535. Company insiders own 1.40% of the company’s stock.

About Power Integrations

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.