Power Integrations, Inc. $POWI Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Power Integrations, Inc. (NASDAQ:POWI) by 7.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,057,155 shares of the semiconductor company’s stock after buying an additional 71,928 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Power Integrations were worth $54,114,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in POWI. Teachers Retirement System of The State of Kentucky increased its position in shares of Power Integrations by 180.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock worth $1,895,000 after acquiring an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Power Integrations during the 1st quarter valued at approximately $3,138,000. Calamos Advisors LLC acquired a new stake in Power Integrations during the 1st quarter valued at approximately $1,181,000. Emerald Advisers LLC purchased a new stake in Power Integrations during the 1st quarter worth approximately $5,941,000. Finally, 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 in the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 15,894 shares of Power Integrations stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the completion of the transaction, the vice president directly owned 71,239 shares in the company, valued at $5,854,421.02. The trade was a 18.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nicholas Brathwaite sold 6,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total value of $499,266.95. Following the transaction, the director directly owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 334,772 shares of company stock worth $27,322,535 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on POWI shares. Susquehanna increased their target price on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Stifel Nicolaus upped their price target on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Needham & Company LLC initiated coverage on shares of Power Integrations in a report on Wednesday, June 10th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.20.

Power Integrations Price Performance

Power Integrations stock opened at $60.71 on Friday. The company has a market cap of $3.38 billion, a PE ratio of 202.37 and a beta of 1.57. The company has a fifty day moving average price of $75.66 and a two-hundred day moving average price of $61.33. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations, Inc. will post 0.76 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.4%. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.

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.