Ceredex Value Advisors LLC Purchases New Shares in Power Integrations, Inc. $POWI

Ceredex Value Advisors LLC purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 161,400 shares of the semiconductor company’s stock, valued at approximately $13,519,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Power Integrations in the 2nd quarter worth about $730,559,000. Snyder Capital Management L P grew its holdings in Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Power Integrations by 1,885.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after purchasing an additional 895,857 shares during the period. M&T Bank Corp raised its position in Power Integrations by 3,635.7% in the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after purchasing an additional 728,517 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after purchasing an additional 595,404 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus cut their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research lowered Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $72.67.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $54.84 on Friday. The firm’s 50 day simple moving average is $70.17 and its 200-day simple moving average is $63.12. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $91.18. The firm has a market cap of $3.06 billion, a PE ratio of 121.87 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Power Integrations’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the sale, the director directly owned 22,226 shares in the company, valued at $1,925,216.12. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the transaction, the vice president owned 64,379 shares in the company, valued at approximately $5,386,590.93. The trade was a 9.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 273,997 shares of company stock worth $23,013,413. 1.20% of the stock is currently owned by company insiders.

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.