ASR Vermogensbeheer N.V. Purchases 23,354 Shares of Power Integrations, Inc. $POWI

ASR Vermogensbeheer N.V. boosted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307,553 shares of the semiconductor company’s stock after purchasing an additional 23,354 shares during the period. ASR Vermogensbeheer N.V. owned about 0.55% of Power Integrations worth $12,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. WCM Investment Management LLC increased its position in Power Integrations by 5.9% during the 2nd quarter. WCM Investment Management LLC now owns 260,629 shares of the semiconductor company’s stock worth $14,530,000 after purchasing an additional 14,441 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Power Integrations by 173.6% during the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after purchasing an additional 268,875 shares during the last quarter. Copeland Capital Management LLC raised its holdings in Power Integrations by 7.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after buying an additional 86,123 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Power Integrations by 119.8% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock valued at $3,753,000 after acquiring an additional 36,592 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Power Integrations during the second quarter worth $660,000.

Wall Street Analyst Weigh In

POWI has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Benchmark upped their price objective on shares of Power Integrations from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average price target of $61.67.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $43.32 on Friday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The company has a market capitalization of $2.40 billion, a PE ratio of 139.74, a price-to-earnings-growth ratio of 5.04 and a beta of 1.36. The business has a fifty day moving average price of $36.50 and a two-hundred day moving average price of $42.78.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 1.9%. Power Integrations’s dividend payout ratio is presently 270.97%.

Insiders Place Their Bets

In other news, VP Gagan Jain sold 1,033 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $33.80, for a total transaction of $34,915.40. Following the transaction, the vice president owned 17,212 shares of the company’s stock, valued at $581,765.60. This represents a 5.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.