Handelsbanken Fonder AB Boosts Stake in Power Integrations, Inc. (NASDAQ:POWI)

Handelsbanken Fonder AB lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,502 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Power Integrations were worth $780,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of POWI. Itau Unibanco Holding S.A. acquired a new stake in Power Integrations during the 3rd quarter valued at approximately $65,000. Headlands Technologies LLC increased its stake in shares of Power Integrations by 374.6% in the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock worth $83,000 after buying an additional 854 shares during the last quarter. CWM LLC raised its holdings in Power Integrations by 102.4% in the third quarter. CWM LLC now owns 1,095 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 554 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Power Integrations by 16.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,166 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 168 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Power Integrations by 17.4% during the 3rd quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 211 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other news, CEO Balu Balakrishnan sold 5,746 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.39, for a total value of $421,698.94. Following the transaction, the chief executive officer now owns 513,693 shares of the company’s stock, valued at approximately $37,699,929.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Balu Balakrishnan sold 5,746 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $73.39, for a total transaction of $421,698.94. Following the completion of the sale, the chief executive officer now directly owns 513,693 shares of the company’s stock, valued at approximately $37,699,929.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Doug Bailey sold 822 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total value of $60,795.12. Following the sale, the vice president now directly owns 99,106 shares in the company, valued at $7,329,879.76. The disclosure for this sale can be found here. In the last three months, insiders sold 57,411 shares of company stock valued at $4,203,262. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on POWI. Stifel Nicolaus boosted their target price 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. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. TD Cowen boosted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a report on Monday, February 26th. Finally, Benchmark upped their price target 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and a consensus price target of $86.17.

Power Integrations Price Performance

NASDAQ POWI opened at $67.90 on Tuesday. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $99.60. The firm has a market capitalization of $3.86 billion, a PE ratio of 70.00 and a beta of 1.21. The company’s 50 day simple moving average is $69.88 and its 200 day simple moving average is $74.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $89.51 million during the quarter, compared to analyst estimates of $90.21 million. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 82.47%.

Power Integrations 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.