Stephens Investment Management Group LLC Sells 23,661 Shares of Power Integrations, Inc. $POWI

Stephens Investment Management Group LLC lowered its stake in Power Integrations, Inc. (NASDAQ:POWI) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 726,308 shares of the semiconductor company’s stock after selling 23,661 shares during the quarter. Stephens Investment Management Group LLC owned about 1.29% of Power Integrations worth $29,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in shares of Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 261 shares during the last quarter. Royal Bank of Canada lifted its position in Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after buying an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Power Integrations by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after buying an additional 1,461 shares during the period. Goldman Sachs Group Inc. increased its position in Power Integrations by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after acquiring an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Power Integrations by 15.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after acquiring an additional 23,389 shares during the period.

Power Integrations Stock Down 0.4%

Shares of NASDAQ POWI opened at $43.32 on Friday. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $68.20. The business’s 50 day moving average price is $36.50 and its 200 day moving average price is $42.78. The firm has a market cap of $2.40 billion, a P/E ratio of 139.74, a P/E/G ratio of 5.04 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. As a group, research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Benchmark boosted their target price on shares of Power Integrations from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

Insider Activity

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

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.