Power Integrations, Inc. (NASDAQ:POWI) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,093 shares of the semiconductor company’s stock after purchasing an additional 410 shares during the quarter. Park Avenue Securities LLC’s holdings in Power Integrations were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after purchasing an additional 114,047 shares during the period. Wellington Management Group LLP grew its stake in shares of Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock worth $150,879,000 after purchasing an additional 105,034 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after purchasing an additional 178,896 shares during the period. Geode Capital Management LLC grew its stake in shares of Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company’s stock worth $99,000,000 after purchasing an additional 28,793 shares during the period. Finally, Capital International Investors grew its stake in shares of Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company’s stock worth $92,743,000 after purchasing an additional 82,681 shares during the period.

Power Integrations Trading Up 2.8%

NASDAQ:POWI opened at $56.69 on Tuesday. The firm has a market cap of $3.19 billion, a P/E ratio of 99.46, a PEG ratio of 4.08 and a beta of 1.29. The stock’s 50 day simple moving average is $51.04 and its 200-day simple moving average is $56.72. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Power Integrations’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.48%. Power Integrations’s dividend payout ratio is presently 129.23%.

Analyst Ratings Changes

POWI has been the topic of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.67.

Insiders Place Their Bets

In related news, CFO Sandeep Nayyar sold 1,929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $98,166.81. Following the sale, the chief financial officer now directly owns 107,357 shares in the company, valued at $5,463,397.73. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 9,544 shares of Power Integrations stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the transaction, the chief executive officer now owns 590,580 shares in the company, valued at approximately $30,231,790.20. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock worth $642,092 over the last three months. 1.40% of the stock is owned by 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.