Power Integrations, Inc. (NASDAQ:POWI) Position Maintained by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC held its stake in Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, Holdings Channel reports. The firm owned 5,410 shares of the semiconductor company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Power Integrations were worth $394,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted 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. bought a new stake in Power Integrations during the first quarter valued at $156,000. PEAK6 Investments L.P. acquired a new position in shares of Power Integrations during the first quarter worth approximately $212,000. State of Alaska Department of Revenue boosted its position in shares of Power Integrations by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the semiconductor company’s stock worth $213,000 after buying an additional 90 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Power Integrations by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock worth $227,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.
Shares of Power Integrations, Inc. (NASDAQ POWI) traded up 2.04% on Friday, reaching $70.15. 153,352 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $74.21 and its 200 day moving average price is $67.90. Power Integrations, Inc. has a 12 month low of $56.03 and a 12 month high of $82.80. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 38.99 and a beta of 1.23.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities research analysts predict that Power Integrations, Inc. will post $2.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Tuesday, August 29th. Power Integrations’s dividend payout ratio is currently 29.95%.
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A number of research analysts have commented on the stock. Sidoti upgraded shares of Power Integrations from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Stifel Nicolaus restated a “buy” rating and set a $82.00 price target (up previously from $75.00) on shares of Power Integrations in a research note on Friday, June 30th. Deutsche Bank AG cut shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Tuesday, May 30th. Finally, Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $78.50.
In other Power Integrations news, insider Balu Balakrishnan sold 65,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $78.06, for a total value of $5,073,900.00. Following the completion of the sale, the insider now owns 319,576 shares of the company’s stock, valued at approximately $24,946,102.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nicholas Brathwaite sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $80.00, for a total transaction of $320,000.00. Following the completion of the sale, the director now directly owns 28,109 shares of the company’s stock, valued at approximately $2,248,720. The disclosure for this sale can be found here. Insiders sold a total of 131,981 shares of company stock valued at $10,093,383 in the last three months. Insiders own 4.30% of the company’s stock.
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.
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