Power Integrations, Inc. $POWI Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Power Integrations, Inc. (NASDAQ:POWI) by 7.1% in the second quarter, HoldingsChannel reports. The firm owned 3,595,855 shares of the semiconductor company’s stock after acquiring an additional 239,702 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of Power Integrations worth $301,189,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Harbor Investment Advisory LLC purchased a new position in shares of Power Integrations in the 2nd quarter valued at about $33,000. Allworth Financial LP purchased a new stake in shares of Power Integrations during the second quarter worth approximately $42,000. Global Retirement Partners LLC acquired a new stake in Power Integrations in the second quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Power Integrations in the second quarter valued at approximately $48,000. Finally, Geneos Wealth Management Inc. lifted its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Susquehanna boosted their price target on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Stifel Nicolaus reduced their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Williams Trading set a $80.00 price objective on shares of Power Integrations in a research report on Thursday, August 6th. Needham & Company LLC lowered their target price on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Power Integrations Price Performance

NASDAQ POWI opened at $51.51 on Monday. The firm’s fifty day moving average price is $66.75 and its 200 day moving average price is $63.44. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 114.47 and a beta of 1.58. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18.

Power Integrations (NASDAQ:POWI) last announced its quarterly 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 net margin of 5.58% and a return on equity of 5.50%. The firm had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same period in the previous year, the company earned $0.35 earnings per share. Power Integrations’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.77 earnings per share for the current 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.