New York State Common Retirement Fund Purchases 1,536 Shares of Power Integrations, Inc. (NASDAQ:POWI)

New York State Common Retirement Fund raised its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,940 shares of the semiconductor company’s stock after purchasing an additional 1,536 shares during the quarter. New York State Common Retirement Fund’s holdings in Power Integrations were worth $13,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Power Integrations during the 3rd quarter valued at approximately $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 worth $83,000 after acquiring an additional 854 shares in the last quarter. CWM LLC boosted its holdings in shares of Power Integrations by 102.4% in the third quarter. CWM LLC now owns 1,095 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 554 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of 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 worth $89,000 after acquiring an additional 168 shares during the period. Finally, Signaturefd LLC grew its position in shares of Power Integrations by 17.4% in 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.

Insiders Place Their Bets

In other news, CEO Balu Balakrishnan sold 5,746 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $73.39, for a total transaction of $421,698.94. Following the transaction, the chief executive officer now directly owns 513,693 shares in the company, valued at approximately $37,699,929.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Balu Balakrishnan sold 5,746 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 513,693 shares in the company, valued at approximately $37,699,929.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 822 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the completion of the sale, the vice president now directly owns 99,106 shares of the company’s stock, valued at approximately $7,329,879.76. The disclosure for this sale can be found here. Insiders sold a total of 57,411 shares of company stock valued at $4,203,262 over the last 90 days. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Power Integrations Trading Up 0.9 %

POWI stock opened at $67.90 on Tuesday. The company’s 50 day moving average is $69.88 and its 200 day moving average is $74.50. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 70.00 and a beta of 1.21. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60.

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

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. 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.