Emerald Advisers LLC Invests $5.94 Million in Power Integrations, Inc. $POWI

Emerald Advisers LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 116,044 shares of the semiconductor company’s stock, valued at approximately $5,941,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in POWI. Baird Financial Group Inc. grew its holdings in Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 261 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after acquiring an additional 1,461 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Power Integrations by 14.9% in 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Power Integrations by 15.5% during 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 in the last quarter.

Insider Transactions at Power Integrations

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares of the company’s stock, valued at $24,161,363.04. This represents a 30.78% 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. Also, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the transaction, the director owned 30,609 shares in the company, valued at $2,216,397.69. The trade was a 18.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 334,772 shares of company stock worth $27,322,535. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on POWI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday, April 6th. Zacks Research raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Susquehanna increased their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus lifted their price objective on Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Power Integrations Stock Performance

Power Integrations stock opened at $70.76 on Wednesday. The firm’s fifty day moving average price is $76.99 and its 200-day moving average price is $58.88. The stock has a market cap of $3.94 billion, a P/E ratio of 235.87, a price-to-earnings-growth ratio of 3.02 and a beta of 1.57. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $91.18.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, analysts predict that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.2%. Power Integrations’s payout ratio is 286.67%.

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.