Evergreen Capital Management LLC Invests $456,000 in Power Integrations, Inc. $POWI

Evergreen Capital Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,828 shares of the semiconductor company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds also recently made changes to their positions in POWI. Geneos Wealth Management Inc. increased its position in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Osaic Holdings Inc. raised its position in shares of Power Integrations by 76.2% during the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 744 shares during the period. Huntington National Bank lifted its holdings in shares of Power Integrations by 42.6% during the 3rd quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 559 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of Power Integrations by 98.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 989 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on POWI. Susquehanna increased their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Stifel Nicolaus increased their target price on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Benchmark increased their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Power Integrations currently has an average rating of “Hold” and an average price target of $56.50.

Power Integrations Price Performance

NASDAQ:POWI opened at $73.54 on Monday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $76.22. The business has a 50 day moving average price of $51.39 and a two-hundred day moving average price of $43.93. The company has a market cap of $4.10 billion, a P/E ratio of 188.57, a price-to-earnings-growth ratio of 5.58 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is currently 220.51%.

Insider Buying and Selling at Power Integrations

In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the transaction, the chief executive officer directly owned 76,307 shares in the company, valued at $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sunil Gupta sold 2,168 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total transaction of $98,817.44. Following the transaction, the vice president owned 95,766 shares of the company’s stock, valued at approximately $4,365,014.28. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,831 shares of company stock valued at $1,936,896. Corporate 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.