AE Wealth Management LLC Invests $502,000 in Power Integrations, Inc. (NASDAQ:POWI)

AE Wealth Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,155 shares of the semiconductor company’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Power Integrations by 0.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 27,868 shares of the semiconductor company’s stock worth $2,282,000 after buying an additional 134 shares during the last quarter. Citigroup Inc. increased its stake in shares of Power Integrations by 0.6% in the fourth quarter. Citigroup Inc. now owns 36,734 shares of the semiconductor company’s stock worth $3,007,000 after buying an additional 203 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Power Integrations by 6.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,831 shares of the semiconductor company’s stock worth $314,000 after buying an additional 220 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Power Integrations by 2.6% in the fourth quarter. Glenmede Trust Co. NA now owns 13,339 shares of the semiconductor company’s stock worth $1,091,000 after buying an additional 334 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Power Integrations in the fourth quarter worth $40,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

In other Power Integrations news, CEO Balu Balakrishnan sold 11,943 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $92.29, for a total value of $1,102,219.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Nayyar sold 2,724 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $93.67, for a total transaction of $255,157.08. Following the completion of the sale, the chief financial officer now directly owns 80,737 shares of the company’s stock, valued at $7,562,634.79. The disclosure for this sale can be found here. Insiders sold 47,530 shares of company stock valued at $4,198,531 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

POWI stock opened at $77.08 on Wednesday. The company has a market capitalization of $4.68 billion, a P/E ratio of 22.91 and a beta of 0.98. The company has a 50-day simple moving average of $82.17 and a 200 day simple moving average of $80.66. Power Integrations, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $99.05.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, April 29th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.20. Power Integrations had a net margin of 44.72% and a return on equity of 8.34%. During the same period in the prior year, the company earned $0.38 earnings per share. On average, sell-side analysts expect that Power Integrations, Inc. will post 1.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Friday, May 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, May 27th. Power Integrations’s payout ratio is currently 58.43%.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating and set a $90.00 target price for the company in a research note on Thursday, May 6th. Northland Securities boosted their target price on shares of Power Integrations from $65.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, February 3rd. Loop Capital boosted their target price on shares of Power Integrations from $70.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Finally, Cowen boosted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $87.33.

Power Integrations Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and other consumer and industrial applications.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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