40,902 Shares in Power Integrations, Inc. $POWI Bought by Man Group plc

Man Group plc acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, Holdings Channel reports. The fund acquired 40,902 shares of the semiconductor company’s stock, valued at approximately $3,426,000.

Several other hedge funds and other institutional investors also recently modified their holdings of POWI. Geneos Wealth Management Inc. lifted its position in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Power Integrations during the 2nd quarter worth approximately $33,000. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $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 valued at $38,000 after acquiring an additional 410 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 453 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on POWI. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Needham & Company LLC reduced their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Williams Trading set a $80.00 target price on shares of Power Integrations in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.67.

Power Integrations Stock Performance

Shares of POWI opened at $51.38 on Tuesday. The firm has a fifty day moving average of $66.03 and a 200-day moving average of $63.48. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 114.18 and a beta of 1.58. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current year.

About Power Integrations

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.