Power Integrations, Inc. $POWI Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 22.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,018 shares of the semiconductor company’s stock after buying an additional 44,348 shares during the quarter. ProShare Advisors LLC’s holdings in Power Integrations were worth $12,433,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Power Integrations during the second quarter worth about $730,559,000. Wellington Management Group LLP increased its holdings in shares of Power Integrations by 7.1% during the second quarter. Wellington Management Group LLP now owns 3,595,855 shares of the semiconductor company’s stock valued at $301,189,000 after acquiring an additional 239,702 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Power Integrations in the 2nd quarter valued at approximately $199,517,000. Copeland Capital Management LLC raised its position in shares of Power Integrations by 12.6% in the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock valued at $67,676,000 after purchasing an additional 147,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Power Integrations by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,057,155 shares of the semiconductor company’s stock valued at $54,114,000 after purchasing an additional 71,928 shares during the last quarter.

Power Integrations Stock Performance

Shares of POWI stock opened at $46.99 on Wednesday. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The firm has a market capitalization of $2.63 billion, a PE ratio of 67.96 and a beta of 1.58. The stock’s 50-day simple moving average is $49.65 and its 200-day simple moving average is $58.59.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Sell-side analysts forecast that Power Integrations, Inc. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on POWI shares. Weiss Ratings upgraded shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Williams Trading set a $80.00 price objective on shares of Power Integrations in a research note on Thursday, August 6th. Finally, Needham & Company LLC dropped their price objective on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.83.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.