Van Diest Capital LLC Takes Position in Power Integrations, Inc. $POWI

Van Diest Capital LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the first quarter, Holdings Channel.com reports. The firm purchased 9,290 shares of the semiconductor company’s stock, valued at approximately $476,000.

A number of other hedge funds have also recently bought and sold shares of POWI. Cannell & Spears LLC grew its stake in Power Integrations by 98.8% during the 1st quarter. Cannell & Spears LLC now owns 63,278 shares of the semiconductor company’s stock valued at $3,030,000 after purchasing an additional 31,452 shares in the last quarter. Sei Investments Co. raised its position in shares of Power Integrations by 36.2% in the 1st quarter. Sei Investments Co. now owns 218,429 shares of the semiconductor company’s stock valued at $11,183,000 after purchasing an additional 58,057 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Power Integrations by 22.1% during the 1st quarter. Cetera Investment Advisers now owns 15,843 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 2,871 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Power Integrations by 42.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,530 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 1,339 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Power Integrations during the first quarter worth approximately $7,514,000.

Insider Buying and Selling at Power Integrations

In related news, Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the completion of the sale, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 334,772 shares of company stock worth $27,322,535 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Power Integrations Stock Performance

Power Integrations stock opened at $63.46 on Friday. The firm’s 50-day moving average is $76.57 and its 200-day moving average is $60.62. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $91.18. The company has a market cap of $3.54 billion, a P/E ratio of 211.54, a PEG ratio of 3.25 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same period in the previous year, the business posted $0.31 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.76 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 29th. Power Integrations’s payout ratio is presently 286.67%.

Wall Street Analyst Weigh In

POWI has been the subject of a number of research analyst reports. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Monday, April 6th. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Hold” and a consensus target price of $76.20.

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.