Power Integrations, Inc. $POWI Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,780 shares of the semiconductor company’s stock after buying an additional 1,990 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Power Integrations worth $3,423,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in Power Integrations by 16.0% during the first quarter. HighTower Advisors LLC now owns 4,448 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 612 shares in the last quarter. Nuveen LLC purchased a new stake in Power Integrations during the first quarter valued at about $3,106,000. Virtu Financial LLC purchased a new stake in Power Integrations during the first quarter valued at about $232,000. Invesco Ltd. lifted its stake in Power Integrations by 1,345.8% during the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company’s stock valued at $66,367,000 after buying an additional 1,223,310 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of Power Integrations by 15.2% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 30,545 shares of the semiconductor company’s stock valued at $1,543,000 after purchasing an additional 4,030 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on POWI shares. Benchmark dropped their target price on Power Integrations from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Stifel Nicolaus upped their target price on Power Integrations from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Wall Street Zen downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Susquehanna dropped their target price on Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $61.67.

Power Integrations Stock Performance

NASDAQ:POWI opened at $47.42 on Friday. The stock’s 50 day moving average price is $52.32 and its 200 day moving average price is $53.24. Power Integrations, Inc. has a 52 week low of $39.53 and a 52 week high of $69.53. The company has a market capitalization of $2.66 billion, a P/E ratio of 81.76, a P/E/G ratio of 3.10 and a beta of 1.31.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The firm had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. Power Integrations’s dividend payout ratio is currently 144.83%.

Insider Buying and Selling

In related news, VP Gagan Jain sold 2,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the transaction, the vice president owned 18,812 shares in the company, valued at approximately $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Doug Bailey sold 16,989 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the sale, the vice president directly owned 50,798 shares of the company’s stock, valued at $2,357,535.18. The trade was a 25.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,014 shares of company stock worth $1,678,322 in the last 90 days. 1.40% of the stock is currently 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.