Power Integrations, Inc. $POWI Stake Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Power Integrations, Inc. (NASDAQ:POWI) by 77.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,700 shares of the semiconductor company’s stock after selling 67,824 shares during the period. Retirement Systems of Alabama’s holdings in Power Integrations were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Baird Financial Group Inc. boosted its holdings in shares of Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 261 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 371 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Power Integrations by 3.0% in the second quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after acquiring an additional 389 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Power Integrations by 2.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 17,882 shares of the semiconductor company’s stock valued at $719,000 after acquiring an additional 410 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Power Integrations by 1.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 44,591 shares of the semiconductor company’s stock valued at $2,494,000 after acquiring an additional 439 shares in the last quarter.

Power Integrations Price Performance

POWI stock opened at $51.61 on Wednesday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $60.12. The firm has a market cap of $2.86 billion, a PE ratio of 132.34, a P/E/G ratio of 3.98 and a beta of 1.30. The firm has a 50 day simple moving average of $47.79 and a 200 day simple moving average of $42.02.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The business had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a $0.215 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 27th. This represents a $0.86 annualized dividend and a dividend yield of 1.7%. Power Integrations’s payout ratio is currently 220.51%.

Analyst Ratings Changes

Several research analysts have recently issued reports on POWI shares. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Monday. Benchmark increased their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday. Susquehanna increased their target price on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.75.

Insider Activity

In related news, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the sale, the chief executive officer owned 76,307 shares in the company, valued at approximately $3,553,616.99. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 4,995 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total transaction of $235,764.00. Following the completion of the sale, the director owned 576,256 shares of the company’s stock, valued at approximately $27,199,283.20. This trade represents a 0.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,831 shares of company stock worth $1,936,896 in the last quarter. Insiders own 1.40% of the company’s stock.

About Power Integrations

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.