Delta Lloyd Asset Management N.V. acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,000 shares of the semiconductor company’s stock, valued at approximately $5,103,000. Delta Lloyd Asset Management N.V. owned 0.24% of Power Integrations at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Huntington National Bank increased its stake in Power Integrations by 22.8% in the second quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 279 shares during the last quarter. Victory Capital Management Inc. increased its stake in Power Integrations by 22.7% in the first quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 409 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Power Integrations during the first quarter valued at approximately $156,000. Turner Investments LLC acquired a new stake in Power Integrations during the second quarter valued at approximately $182,000. Finally, PEAK6 Investments L.P. acquired a new stake in Power Integrations during the first quarter valued at approximately $212,000. Institutional investors own 95.75% of the company’s stock.

Shares of Power Integrations, Inc. (NASDAQ POWI) opened at 73.55 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 40.88 and a beta of 1.23. Power Integrations, Inc. has a 1-year low of $56.74 and a 1-year high of $82.80. The firm’s 50 day moving average price is $72.92 and its 200-day moving average price is $68.06.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $107.56 million for the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. Power Integrations’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Analysts expect that Power Integrations, Inc. will post $2.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, August 29th. Power Integrations’s dividend payout ratio (DPR) is 29.95%.

COPYRIGHT VIOLATION NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/delta-lloyd-asset-management-n-v-takes-position-in-power-integrations-inc-powi/1537979.html.

A number of research firms have issued reports on POWI. BidaskClub downgraded Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $82.00 price target (up from $75.00) on shares of Power Integrations in a research note on Friday, June 30th. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Saturday, June 24th. Sidoti upgraded Power Integrations from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Finally, Drexel Hamilton set a $84.00 price target on Power Integrations and gave the company a “buy” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $78.50.

In related news, VP David Mh Matthews sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.22, for a total transaction of $71,220.00. Following the sale, the vice president now directly owns 43,405 shares of the company’s stock, valued at $3,091,304.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Raja Petrakian sold 2,272 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total value of $156,518.08. Following the sale, the vice president now directly owns 30,815 shares in the company, valued at $2,122,845.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,593 shares of company stock worth $10,278,057. 4.30% of the stock is owned by corporate insiders.

About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI).

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

Receive News & Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.