Calamos Advisors LLC Makes New Investment in Power Integrations, Inc. $POWI

Calamos Advisors LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the first quarter, HoldingsChannel.com reports. The firm bought 23,076 shares of the semiconductor company’s stock, valued at approximately $1,181,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. Vanguard Group Inc. increased its position in shares of Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after acquiring an additional 409,643 shares during the period. State Street Corp boosted its holdings in Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the period. Wellington Management Group LLP grew its stake in Power Integrations by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after purchasing an additional 162,691 shares in the last quarter. Snyder Capital Management L P increased its holdings in Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after purchasing an additional 1,234,981 shares during the period. Finally, Morgan Stanley raised its position in Power Integrations by 1.4% in the 4th quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after purchasing an additional 20,618 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Stifel Nicolaus boosted their price target on shares of Power Integrations from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Benchmark raised their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.20.

Power Integrations Trading Down 1.7%

Shares of POWI opened at $69.84 on Friday. The company’s 50 day simple moving average is $76.81 and its 200-day simple moving average is $59.34. The firm has a market cap of $3.89 billion, a PE ratio of 232.81, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. Power Integrations’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.

Power Integrations Announces Dividend

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

Insider Activity

In other news, Director Nicholas Brathwaite sold 1,728 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the sale, the director directly owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 6,860 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the sale, the vice president owned 64,379 shares of the company’s stock, valued at $5,386,590.93. This trade represents a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 334,772 shares of company stock valued at $27,322,535. Insiders own 1.40% of the company’s stock.

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.