5,984 Shares in Power Integrations, Inc. $POWI Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new position in Power Integrations, Inc. (NASDAQ:POWIFree Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,984 shares of the semiconductor company’s stock, valued at approximately $335,000.

Several other large investors also recently modified their holdings of POWI. GAMMA Investing LLC grew its holdings in shares of Power Integrations by 243.2% in the first quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 1,425 shares during the period. SG Americas Securities LLC bought a new stake in shares of Power Integrations in the first quarter worth $344,000. Fifth Third Bancorp grew its holdings in shares of Power Integrations by 31.9% in the first quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 529 shares during the period. Global X Japan Co. Ltd. bought a new stake in shares of Power Integrations in the first quarter worth $42,000. Finally, Bessemer Group Inc. grew its holdings in Power Integrations by 4.1% during the first quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 269 shares during the period.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 16,989 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the sale, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the sale, the vice president owned 18,812 shares in the company, valued at $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,470 shares of company stock worth $1,697,214 over the last quarter. 1.40% of the stock is owned by company insiders.

Power Integrations Stock Up 3.8%

Shares of Power Integrations stock opened at $48.83 on Thursday. The stock’s 50-day simple moving average is $43.57 and its 200-day simple moving average is $49.03. Power Integrations, Inc. has a 52 week low of $34.55 and a 52 week high of $69.53. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 84.19, a PEG ratio of 3.08 and a beta of 1.37.

Power Integrations (NASDAQ:POWIGet Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The business had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 29th. Power Integrations’s payout ratio is currently 144.83%.

Analysts Set New Price Targets

POWI has been the subject of a number of analyst reports. Wall Street Zen cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Susquehanna reduced their price target on Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.67.

Check Out Our Latest Analysis on POWI

Power Integrations Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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