BNP Paribas Financial Markets Acquires 27,016 Shares of Power Integrations, Inc. (NASDAQ:POWI)

BNP Paribas Financial Markets grew its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 89.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,165 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Power Integrations worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. grew its stake in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Power Integrations in the 2nd quarter valued at $63,000. Truvestments Capital LLC acquired a new position in Power Integrations in the 3rd quarter valued at $87,000. Finally, Quest Partners LLC grew its stake in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 240 shares during the last quarter.

Analysts Set New Price Targets

POWI has been the topic of a number of research analyst reports. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating 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 research report on Thursday, November 14th. TD Cowen decreased their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 3.3 %

Shares of NASDAQ POWI opened at $63.89 on Thursday. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The company has a market cap of $3.63 billion, a PE ratio of 96.80, a P/E/G ratio of 7.27 and a beta of 1.12. The company has a 50-day moving average of $63.63 and a two-hundred day moving average of $67.03.

Power Integrations (NASDAQ:POWI) last announced 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. The company had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase 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 127.27%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,655 shares of company stock valued at $1,205,566 over the last ninety days. Insiders own 1.70% of the company’s stock.

About Power Integrations

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.