Van ECK Associates Corp Purchases 10,343 Shares of Power Integrations, Inc. $POWI

Van ECK Associates Corp increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 40.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,988 shares of the semiconductor company’s stock after acquiring an additional 10,343 shares during the quarter. Van ECK Associates Corp’s holdings in Power Integrations were worth $3,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Power Integrations by 180.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock valued at $1,895,000 after purchasing an additional 23,837 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Power Integrations during the 1st quarter worth approximately $3,138,000. Calamos Advisors LLC bought a new stake in Power Integrations during the 1st quarter worth approximately $1,181,000. Emerald Advisers LLC acquired a new stake in Power Integrations during the 1st quarter worth approximately $5,941,000. Finally, Copeland Capital Management LLC raised its holdings in Power Integrations by 12.6% during the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock worth $67,676,000 after buying an additional 147,882 shares during the period.

Power Integrations Stock Performance

NASDAQ POWI opened at $50.54 on Friday. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $91.18. The stock’s 50 day moving average price is $64.10 and its two-hundred day moving average price is $63.54. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 112.31 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The company had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same period last year, the business earned $0.35 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.77 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on POWI shares. Weiss Ratings upgraded shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus lowered their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and a consensus target price of $72.67.

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.