Copeland Capital Management LLC Buys 147,882 Shares of Power Integrations, Inc. $POWI

Copeland Capital Management LLC increased its stake in Power Integrations, Inc. (NASDAQ:POWI) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321,789 shares of the semiconductor company’s stock after buying an additional 147,882 shares during the period. Power Integrations accounts for 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 17th largest position. Copeland Capital Management LLC’s holdings in Power Integrations were worth $67,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted 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 valued at $32,000 after purchasing an additional 536 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations in the 4th quarter worth about $36,000. UMB Bank n.a. grew its position 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 worth $38,000 after buying an additional 410 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Power Integrations in the 4th quarter worth about $48,000. Finally, Osaic Holdings Inc. increased its stake in shares of 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 acquiring an additional 744 shares in the last quarter.

Insider Activity

In related news, Director Nicholas Brathwaite sold 1,728 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total transaction of $149,679.36. Following the transaction, the director owned 22,226 shares in the company, valued at $1,925,216.12. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares in the company, valued at $24,161,363.04. This represents a 30.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 334,772 shares of company stock valued at $27,322,535 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Power Integrations Stock Up 0.9%

Shares of POWI opened at $70.45 on Friday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $91.18. The company has a market capitalization of $3.93 billion, a P/E ratio of 234.84, a price-to-earnings-growth ratio of 3.04 and a beta of 1.57. The firm has a 50 day moving average of $76.75 and a 200 day moving average of $59.42.

Power Integrations (NASDAQ:POWI) last issued its 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. The business had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.89 EPS 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 dividend of $0.215 per share. The ex-dividend date was Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.2%. Power Integrations’s dividend payout ratio is currently 286.67%.

Analyst Ratings Changes

Several research firms recently commented on POWI. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Stifel Nicolaus raised their price objective on Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Needham & Company LLC initiated coverage on Power Integrations in a research note on Wednesday, June 10th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Benchmark boosted 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” 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.