Crawford Investment Counsel Inc. Raises Stake in Power Integrations, Inc. $POWI

Crawford Investment Counsel Inc. increased its stake in Power Integrations, Inc. (NASDAQ:POWI) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,894 shares of the semiconductor company’s stock after buying an additional 25,837 shares during the period. Crawford Investment Counsel Inc. owned 0.37% of Power Integrations worth $8,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in 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 during the period. Hantz Financial Services Inc. increased 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 acquiring an additional 371 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Power Integrations during the second quarter valued at approximately $40,000. Huntington National Bank raised its stake in shares of Power Integrations by 42.6% during the third quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 559 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Power Integrations by 76.2% in the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 744 shares during the period.

Power Integrations Stock Performance

NASDAQ POWI opened at $47.45 on Monday. The firm’s 50 day moving average price is $45.40 and its 200-day moving average price is $41.45. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $60.12. The company has a market cap of $2.63 billion, a PE ratio of 121.67, a P/E/G ratio of 3.60 and a beta of 1.34.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.215 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is 220.51%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Susquehanna upped their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Zacks Research upgraded 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, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.00.

Insider Buying and Selling

In related news, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the sale, the vice president owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Balu Balakrishnan sold 10,080 shares of Power Integrations stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total value of $451,080.00. Following the completion of the transaction, the director owned 575,331 shares in the company, valued at $25,746,062.25. This trade represents a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 41,518 shares of company stock valued at $1,920,642. 1.40% of the stock is currently owned by insiders.

Power Integrations Company 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.