Cerity Partners LLC Purchases New Shares in Power Integrations, Inc. (NASDAQ:POWI)

Cerity Partners LLC purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,008 shares of the semiconductor company’s stock, valued at approximately $247,000.

Other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Power Integrations during the third quarter valued at about $65,000. Headlands Technologies LLC lifted its position in shares of Power Integrations by 374.6% during the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 854 shares in the last quarter. CWM LLC lifted its position in shares of Power Integrations by 102.4% during the third quarter. CWM LLC now owns 1,095 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 554 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Power Integrations by 16.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,166 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 168 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Power Integrations by 17.4% during the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 211 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen raised their price target on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Benchmark lifted their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Northland Securities raised shares of 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 report on Monday, February 26th. Stifel Nicolaus lifted their price objective on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and a consensus price target of $86.17.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $81.02, for a total value of $423,896.64. Following the completion of the transaction, the chief executive officer now owns 508,461 shares in the company, valued at $41,195,510.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Balu Balakrishnan sold 5,232 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total transaction of $423,896.64. Following the completion of the transaction, the chief executive officer now owns 508,461 shares of the company’s stock, valued at $41,195,510.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Doug Bailey sold 423 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total transaction of $31,716.54. Following the transaction, the vice president now directly owns 98,863 shares of the company’s stock, valued at approximately $7,412,747.74. The disclosure for this sale can be found here. Insiders sold 57,411 shares of company stock worth $4,203,262 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Stock Up 0.0 %

POWI opened at $67.27 on Monday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 69.35 and a beta of 1.21. The firm has a 50-day moving average price of $69.99 and a 200-day moving average price of $74.59. Power Integrations, Inc. has a twelve month low of $62.13 and a twelve month high of $99.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

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

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.