Power Integrations, Inc. (NASDAQ:POWI) Holdings Lowered by Swiss National Bank

Swiss National Bank decreased its stake in Power Integrations, Inc. (NASDAQ:POWI) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 110,900 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Swiss National Bank’s holdings in Power Integrations were worth $7,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of POWI. CANADA LIFE ASSURANCE Co raised its stake in Power Integrations by 25.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,275 shares of the semiconductor company’s stock valued at $3,095,000 after purchasing an additional 8,864 shares during the period. Bayesian Capital Management LP acquired a new position in Power Integrations during the first quarter valued at $559,000. Tidal Investments LLC acquired a new position in Power Integrations during the first quarter valued at $632,000. DekaBank Deutsche Girozentrale lifted its stake in Power Integrations by 7.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,622 shares of the semiconductor company’s stock worth $605,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares during the period.

Insider Buying and Selling

In related news, VP Doug Bailey sold 8,549 shares of the 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. This represents a 9.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by insiders.

Power Integrations Trading Down 3.5 %

Shares of NASDAQ:POWI opened at $65.66 on Wednesday. The stock has a market capitalization of $3.73 billion, a PE ratio of 100.56, a P/E/G ratio of 6.90 and a beta of 1.10. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The firm has a fifty day moving average price of $62.92 and a 200 day moving average price of $67.53.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s payout ratio is presently 121.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on POWI. TD Cowen reduced their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Northland Securities upgraded shares of 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. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations 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.