The Manufacturers Life Insurance Company Makes New $4.56 Million Investment in Power Integrations, Inc. $POWI

The Manufacturers Life Insurance Company acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, HoldingsChannel reports. The institutional investor acquired 54,451 shares of the semiconductor company’s stock, valued at approximately $4,556,000.

Several other institutional investors and hedge funds also recently made changes to their positions in POWI. Teachers Retirement System of The State of Kentucky boosted its position in shares of Power Integrations by 180.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock valued at $1,895,000 after acquiring an additional 23,837 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in Power Integrations during the first quarter worth about $3,138,000. Calamos Advisors LLC bought a new position in Power Integrations during the first quarter worth about $1,181,000. Emerald Advisers LLC acquired a new stake in Power Integrations in the 1st quarter worth about $5,941,000. Finally, Copeland Capital Management LLC raised its stake in Power Integrations by 12.6% in the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock worth $67,676,000 after purchasing an additional 147,882 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on POWI shares. Williams Trading set a $80.00 target price on shares of Power Integrations in a research report on Thursday, August 6th. Weiss Ratings raised Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Susquehanna raised their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Stifel Nicolaus dropped their price objective on Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.67.

Power Integrations Price Performance

Shares of POWI opened at $51.38 on Tuesday. The firm has a 50 day simple moving average of $66.03 and a two-hundred day simple moving average of $63.48. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $91.18. The company has a market cap of $2.87 billion, a P/E ratio of 114.18 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The firm had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Power Integrations, Inc. will post 0.77 earnings per share for the current fiscal year.

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.