Kestra Investment Management LLC Invests $56,000 in Power Integrations, Inc. $POWI

Kestra Investment Management LLC purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 1,099 shares of the semiconductor company’s stock, valued at approximately $56,000.

Several other institutional investors have also recently bought and sold shares of POWI. Mercer Global Advisors Inc. ADV bought a new stake in shares of Power Integrations during the fourth quarter worth $368,000. Bank of America Corp DE lifted its position in Power Integrations by 18.5% during the 4th quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company’s stock worth $24,749,000 after buying an additional 62,750 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Power Integrations by 18.4% during the 4th quarter. Baird Financial Group Inc. now owns 4,792 shares of the semiconductor company’s stock worth $296,000 after acquiring an additional 743 shares during the last quarter. Captrust Financial Advisors increased its position in Power Integrations by 21.5% in the 4th quarter. Captrust Financial Advisors now owns 26,134 shares of the semiconductor company’s stock valued at $1,612,000 after acquiring an additional 4,621 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Power Integrations by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,219 shares of the semiconductor company’s stock worth $1,988,000 after acquiring an additional 1,215 shares during the last quarter.

Insider Activity

In other news, VP Gagan Jain sold 2,036 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the sale, the vice president directly owned 18,812 shares of the company’s stock, valued at $866,292.60. This represents a 9.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Doug Bailey sold 16,989 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the sale, the vice president owned 50,798 shares in the company, valued at $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,014 shares of company stock worth $1,678,322 in the last three months. Insiders own 1.40% of the company’s stock.

Power Integrations Price Performance

POWI opened at $44.48 on Thursday. The firm has a 50 day simple moving average of $49.59 and a 200 day simple moving average of $51.88. Power Integrations, Inc. has a fifty-two week low of $39.53 and a fifty-two week high of $69.53. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 76.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.38.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $115.85 million during 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 previous year, the business earned $0.28 EPS. As a group, analysts expect 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 will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 29th. Power Integrations’s dividend payout ratio is currently 144.83%.

Wall Street Analyst Weigh In

Several research firms have recently commented on POWI. Wall Street Zen cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna decreased their price objective on Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a research report on Thursday, August 7th. Finally, Benchmark lowered their target price on Power Integrations from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $61.67.

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.