Corient Private Wealth LP Makes New $1.07 Million Investment in Power Integrations, Inc. $POWI

Corient Private Wealth LP acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,828 shares of the semiconductor company’s stock, valued at approximately $1,074,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Power Integrations during the 2nd quarter valued at $33,000. Kestra Advisory Services LLC purchased a new stake in Power Integrations during the 4th quarter valued at $36,000. UMB Bank n.a. raised its holdings in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 453 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings raised Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Needham & Company LLC lowered their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Williams Trading set a $80.00 target price on shares of Power Integrations in a report on Thursday, August 6th. Finally, Susquehanna raised their target price on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.67.

Power Integrations Trading Down 0.2%

POWI opened at $50.45 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 112.11 and a beta of 1.54. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18. The stock’s 50-day moving average price is $63.52 and its 200 day moving average price is $63.44.

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

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.