Copeland Capital Management LLC Sells 8,399 Shares of Power Integrations, Inc. $POWI

Copeland Capital Management LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.7% during the second quarter, HoldingsChannel.com reports. The fund owned 1,190,737 shares of the semiconductor company’s stock after selling 8,399 shares during the quarter. Power Integrations accounts for about 1.4% of Copeland Capital Management LLC’s holdings, making the stock its 24th biggest position. Copeland Capital Management LLC’s holdings in Power Integrations were worth $66,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of POWI. Allworth Financial LP boosted its position in Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 428 shares during the last quarter. Bayforest Capital Ltd boosted its position in Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 536 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Power Integrations by 364.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 488 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 698 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on POWI shares. Susquehanna cut their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a research report on Thursday, August 7th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Finally, Wall Street Zen lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Power Integrations has an average rating of “Buy” and an average target price of $61.67.

Power Integrations Trading Up 0.4%

Shares of NASDAQ POWI opened at $38.93 on Friday. The firm’s 50-day moving average price is $45.19 and its 200-day moving average price is $49.94. Power Integrations, Inc. has a 1-year low of $38.59 and a 1-year high of $69.53. The firm has a market capitalization of $2.18 billion, a P/E ratio of 67.12, a P/E/G ratio of 2.54 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 29th. Power Integrations’s payout ratio is currently 144.83%.

Insider Activity at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the transaction, the vice president owned 50,798 shares in the company, valued at $2,357,535.18. This trade represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the transaction, the vice president directly owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,470 shares of company stock valued at $1,697,214. Company insiders own 1.40% of the company’s stock.

Power Integrations Company 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 provides 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 various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.