Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,483 shares of the semiconductor company’s stock after purchasing an additional 717 shares during the period. Atria Investments Inc’s holdings in Power Integrations were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in Power Integrations by 29.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 914 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Power Integrations by 1.2% during the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock valued at $1,116,000 after acquiring an additional 185 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after acquiring an additional 105,034 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Power Integrations by 5.3% in the 1st quarter. Bessemer Group Inc. now owns 6,503 shares of the semiconductor company’s stock valued at $466,000 after acquiring an additional 326 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Power Integrations by 25.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,275 shares of the semiconductor company’s stock worth $3,095,000 after acquiring an additional 8,864 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, November 8th. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, August 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In related news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,782 shares of company stock worth $702,135. Corporate insiders own 1.50% of the company’s stock.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $61.14 on Thursday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 92.63, a price-to-earnings-growth ratio of 6.50 and a beta of 1.10. The stock’s 50-day moving average is $62.57 and its two-hundred day moving average is $67.76. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s payout ratio is 121.21%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.