Raymond James Financial Services Advisors Inc. Buys New Position in Power Integrations, Inc. (NASDAQ:POWI)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,544 shares of the semiconductor company’s stock, valued at approximately $209,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Power Integrations by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock valued at $488,566,000 after purchasing an additional 81,455 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after buying an additional 154,032 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Power Integrations by 5.8% in the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after buying an additional 123,988 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Power Integrations by 8.6% in the third quarter. Copeland Capital Management LLC now owns 831,839 shares of the semiconductor company’s stock worth $63,478,000 after buying an additional 66,068 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Power Integrations by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 709,208 shares of the semiconductor company’s stock worth $54,120,000 after buying an additional 46,980 shares during the period.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 5,746 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.39, for a total transaction of $421,698.94. Following the transaction, the chief executive officer now owns 513,693 shares of the company’s stock, valued at $37,699,929.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Sandeep Nayyar sold 1,642 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $121,442.32. Following the transaction, the chief financial officer now owns 70,171 shares of the company’s stock, valued at $5,189,847.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 5,746 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.39, for a total transaction of $421,698.94. Following the completion of the transaction, the chief executive officer now directly owns 513,693 shares in the company, valued at approximately $37,699,929.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,411 shares of company stock valued at $4,203,262. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. TD Cowen raised their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a report on Monday, February 26th. Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $86.17.

Power Integrations Price Performance

NASDAQ POWI opened at $66.95 on Thursday. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 68.59 and a beta of 1.21. The company has a 50 day simple moving average of $70.44 and a 200-day simple moving average of $74.78. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. The firm had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. On average, analysts predict that Power Integrations, Inc. will post 0.65 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s payout ratio is presently 82.47%.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.