Legato Capital Management LLC Purchases Shares of 20,019 Power Integrations, Inc. $POWI

Legato Capital Management LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,019 shares of the semiconductor company’s stock, valued at approximately $711,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. Baird Financial Group Inc. raised its stake in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 261 shares during the last quarter. Royal Bank of Canada raised its stake in Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after buying an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after buying an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Power Integrations by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Power Integrations by 15.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after buying an additional 23,389 shares during the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $70.85 on Tuesday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $81.59. The company’s 50 day moving average is $60.70 and its 200 day moving average is $47.77. The company has a market cap of $3.95 billion, a PE ratio of 236.17, a price-to-earnings-growth ratio of 4.31 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts predict that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Insider Activity

In related news, Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director directly owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president directly owned 30,769 shares in the company, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,689 shares of company stock worth $683,375. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

POWI has been the topic of a number of research reports. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Benchmark increased their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Stifel Nicolaus increased their price target on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.50.

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.