Oddo BHF Asset Management Sas Makes New Investment in Power Integrations, Inc. $POWI

Oddo BHF Asset Management Sas bought a new position in Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,414 shares of the semiconductor company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Power Integrations in the 4th quarter worth $36,000. UMB Bank n.a. increased its holdings in shares of Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Power Integrations in the 4th quarter worth $48,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Power Integrations by 76.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 744 shares in the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total transaction of $149,679.36. Following the completion of the sale, the director owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the sale, the vice president directly owned 64,379 shares of the company’s stock, valued at $5,386,590.93. This represents a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 335,085 shares of company stock valued at $27,338,789. Company insiders own 1.40% of the company’s stock.

Power Integrations Price Performance

Shares of POWI opened at $79.33 on Wednesday. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $89.00. The firm has a market capitalization of $4.42 billion, a P/E ratio of 264.44, a PEG ratio of 3.62 and a beta of 1.57. The business has a fifty day moving average of $70.97 and a 200 day moving average of $53.07.

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

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 1.1%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s payout ratio is currently 286.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on POWI. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Needham & Company LLC assumed coverage on Power Integrations in a report on Wednesday, June 10th. They issued a “buy” rating and a $90.00 price objective for the company. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and an average target price of $69.60.

Power Integrations Company 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.