4,340 Shares in Power Integrations, Inc. $POWI Purchased by Vident Advisory LLC

Vident Advisory LLC bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,340 shares of the semiconductor company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Power Integrations by 1.2% during the first quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company’s stock valued at $878,000 after buying an additional 200 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in Power Integrations by 1.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 211 shares during the last quarter. Bayforest Capital Ltd boosted its stake in shares of Power Integrations by 54.3% during the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Power Integrations by 4.1% during the 1st quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 269 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Power Integrations by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 339 shares during the period.

Power Integrations Stock Down 0.4%

POWI opened at $44.48 on Thursday. The firm’s fifty day simple moving average is $49.59 and its two-hundred day simple moving average is $51.88. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 76.69, a PEG ratio of 2.92 and a beta of 1.38. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53.

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

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations’s payout ratio is 144.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on POWI. Wall Street Zen downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Benchmark dropped their price target on shares of Power Integrations from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Finally, Susquehanna lowered their price objective on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $61.67.

Insider Buying and Selling

In other news, VP Doug Bailey sold 16,989 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were 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 approximately $2,357,535.18. The trade was a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total transaction of $93,757.80. Following the sale, the vice president directly owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,014 shares of company stock worth $1,678,322 over the last three months. Insiders own 1.40% of the company’s stock.

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.