Stephens Investment Management Group LLC Purchases 21,621 Shares of Power Integrations, Inc. $POWI

Stephens Investment Management Group LLC grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 747,929 shares of the semiconductor company’s stock after buying an additional 21,621 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Power Integrations were worth $26,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the period. Hantz Financial Services Inc. raised its holdings in Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Global X Japan Co. Ltd. raised its holdings in Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 989 shares during the period. Huntington National Bank raised its holdings in Power Integrations by 42.6% in the 3rd quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 559 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in 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 during the period.

Insiders Place Their Bets

In other Power Integrations news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the sale, the vice president owned 30,769 shares in the company, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. The trade was a 18.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,689 shares of company stock valued at $683,375 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Power Integrations Stock Performance

Shares of POWI stock opened at $73.24 on Monday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $81.59. The firm has a market capitalization of $4.08 billion, a PE ratio of 244.14, a PEG ratio of 4.46 and a beta of 1.54. The stock has a fifty day simple moving average of $57.95 and a two-hundred day simple moving average of $46.57.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same quarter in the prior year, the business posted $0.31 EPS. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Announces Dividend

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

Wall Street Analyst Weigh In

POWI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Susquehanna raised their target price 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 cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Monday, April 6th. Stifel Nicolaus raised their target price on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Benchmark raised their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 6th. 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’s stock. According to data from MarketBeat, Power Integrations presently has an average rating of “Hold” and a consensus target price of $64.50.

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.