Power Integrations, Inc. $POWI Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC grew its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 53.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,069 shares of the semiconductor company’s stock after purchasing an additional 14,950 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Power Integrations were worth $2,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new position in shares of Power Integrations in the second quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 453 shares in the last quarter. Allworth Financial LP purchased a new position in Power Integrations during the second quarter valued at $42,000. Global Retirement Partners LLC bought a new stake in Power Integrations in the 2nd quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Power Integrations in the 2nd quarter valued at $48,000.

Power Integrations Stock Down 0.0%

POWI stock opened at $49.32 on Thursday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $91.18. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 109.60 and a beta of 1.54. The firm’s fifty day simple moving average is $50.33 and its two-hundred day simple moving average is $58.50.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts expect that Power Integrations, Inc. will post 0.77 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on POWI shares. Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Susquehanna reduced their target price on Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 21st. Stifel Nicolaus reduced their target price on Power Integrations from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.83.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.