Allianz Asset Management GmbH Has $1.80 Million Holdings in Power Integrations, Inc. $POWI

Allianz Asset Management GmbH reduced its position in Power Integrations, Inc. (NASDAQ:POWI) by 57.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,279 shares of the semiconductor company’s stock after selling 43,379 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of Power Integrations worth $1,804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in POWI. Allworth Financial LP grew its holdings in shares of Power Integrations by 257.8% during the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 428 shares during the last quarter. Bayforest Capital Ltd grew its stake in shares of Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock worth $32,000 after buying an additional 222 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Power Integrations by 364.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock worth $35,000 after buying an additional 488 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Power Integrations by 841.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 698 shares during the last quarter.

Power Integrations Trading Down 1.6%

NASDAQ POWI opened at $43.01 on Friday. Power Integrations, Inc. has a 1-year low of $34.55 and a 1-year high of $69.53. The stock has a 50-day moving average of $43.41 and a 200-day moving average of $48.97. The firm has a market cap of $2.41 billion, a PE ratio of 74.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.Power Integrations’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. Power Integrations’s dividend payout ratio is presently 144.83%.

Insiders Place Their Bets

In other Power Integrations news, VP Doug Bailey sold 16,989 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the transaction, the vice president directly owned 18,812 shares of the company’s stock, valued at $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. In the last three months, insiders sold 36,470 shares of company stock valued at $1,697,214. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports 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. Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a research note on Saturday. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a report on Tuesday, September 23rd. Finally, Susquehanna dropped their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

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.