Raymond James Financial Services Advisors Inc. Purchases New Stake in Power Integrations, Inc. (NASDAQ:POWI)

Raymond James Financial Services Advisors Inc. purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,544 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other large investors have also added to or reduced their stakes in POWI. JPMorgan Chase & Co. raised its stake in Power Integrations by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after acquiring an additional 154,032 shares during the period. Wellington Management Group LLP increased its position in Power Integrations by 5.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after buying an additional 123,988 shares during the period. Congress Asset Management Co. MA increased its position in Power Integrations by 26.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 389,645 shares of the semiconductor company’s stock worth $29,734,000 after buying an additional 82,614 shares during the period. Vanguard Group Inc. increased its position in Power Integrations by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock worth $488,566,000 after buying an additional 81,455 shares during the period. Finally, Copeland Capital Management LLC increased its position in Power Integrations by 8.6% during the 3rd quarter. Copeland Capital Management LLC now owns 831,839 shares of the semiconductor company’s stock worth $63,478,000 after buying an additional 66,068 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on POWI. Stifel Nicolaus increased their price objective on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Benchmark raised their price objective on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. TD Cowen raised their price objective on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.17.

Power Integrations Trading Up 3.9 %

Power Integrations stock opened at $66.95 on Thursday. The company has a market capitalization of $3.81 billion, a PE ratio of 68.59 and a beta of 1.21. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $99.60. The stock has a 50-day moving average price of $70.44 and a two-hundred day moving average price of $74.78.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. The company had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. As a group, analysts predict that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Power Integrations’s payout ratio is currently 82.47%.

Insiders Place Their Bets

In other Power Integrations news, insider David Mh Matthews sold 1,095 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total value of $80,986.20. Following the completion of the sale, the insider now directly owns 59,733 shares in the company, valued at $4,417,852.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $60,795.12. Following the transaction, the vice president now owns 99,106 shares of the company’s stock, valued at $7,329,879.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Mh Matthews sold 1,095 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $80,986.20. Following the transaction, the insider now directly owns 59,733 shares in the company, valued at approximately $4,417,852.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,411 shares of company stock worth $4,203,262. 1.50% of the stock is owned by corporate insiders.

About Power Integrations

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.