Dimensional Fund Advisors LP Has $51.79 Million Stake in Power Integrations Inc (POWI)
Dimensional Fund Advisors LP trimmed its position in Power Integrations Inc (NASDAQ:POWI) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 708,900 shares of the semiconductor company’s stock after selling 3,928 shares during the quarter. Dimensional Fund Advisors LP owned about 2.41% of Power Integrations worth $51,786,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Power Integrations by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 63,729 shares of the semiconductor company’s stock valued at $4,674,000 after buying an additional 2,685 shares in the last quarter. Chicago Equity Partners LLC raised its stake in shares of Power Integrations by 53.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 18,935 shares of the semiconductor company’s stock valued at $1,383,000 after buying an additional 6,565 shares in the last quarter. BlackRock Inc. raised its stake in shares of Power Integrations by 6.7% in the 2nd quarter. BlackRock Inc. now owns 4,017,694 shares of the semiconductor company’s stock valued at $293,492,000 after buying an additional 253,981 shares in the last quarter. Tygh Capital Management Inc. acquired a new position in shares of Power Integrations in the 2nd quarter valued at $5,885,000. Finally, Handelsinvest Investeringsforvaltning raised its stake in shares of Power Integrations by 28.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 68,000 shares of the semiconductor company’s stock valued at $4,967,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.
In other Power Integrations news, VP Clifford Walker sold 1,984 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $72.45, for a total transaction of $143,740.80. Following the sale, the vice president now owns 88,824 shares of the company’s stock, valued at approximately $6,435,298.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Doug Bailey sold 500 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.95, for a total transaction of $36,475.00. Following the sale, the vice president now directly owns 53,708 shares in the company, valued at approximately $3,917,998.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,814 shares of company stock worth $864,176. 4.00% of the stock is owned by insiders.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). Power Integrations had a return on equity of 13.07% and a net margin of 6.76%. The firm had revenue of $109.48 million during the quarter, compared to the consensus estimate of $109.33 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. research analysts expect that Power Integrations Inc will post 2.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 30th. Power Integrations’s payout ratio is 28.07%.
A number of equities analysts have recently issued reports on POWI shares. BidaskClub upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. ValuEngine cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Zacks Investment Research cut shares of Power Integrations from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Stifel Nicolaus cut shares of Power Integrations from a “buy” rating to a “hold” rating and dropped their price objective for the company from $85.00 to $75.00 in a research note on Wednesday, September 12th. Finally, Loop Capital initiated coverage on shares of Power Integrations in a report on Thursday, June 21st. They issued a “buy” rating and a $89.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $82.20.
Power Integrations Profile
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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
See Also: Book Value Per Share – BVPS
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