ProShare Advisors LLC Purchases 58,823 Shares of Power Integrations, Inc. $POWI

ProShare Advisors LLC lifted its position in Power Integrations, Inc. (NASDAQ:POWIFree Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 333,419 shares of the semiconductor company’s stock after purchasing an additional 58,823 shares during the quarter. ProShare Advisors LLC’s holdings in Power Integrations were worth $11,850,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC bought a new stake in Power Integrations during the 4th quarter worth about $228,000. Stephens Investment Management Group LLC grew its holdings in Power Integrations by 3.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 747,929 shares of the semiconductor company’s stock worth $26,581,000 after acquiring an additional 21,621 shares during the last quarter. Stephens Inc. AR grew its holdings in Power Integrations by 11.4% during the 4th quarter. Stephens Inc. AR now owns 7,160 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 734 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Power Integrations by 12.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,700 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 1,391 shares during the last quarter. Finally, Madison Asset Management LLC grew its holdings in Power Integrations by 0.7% during the 4th quarter. Madison Asset Management LLC now owns 103,843 shares of the semiconductor company’s stock worth $3,691,000 after acquiring an additional 672 shares during the last quarter.

Insiders Place Their Bets

In other Power Integrations news, Director Nicholas Brathwaite sold 6,895 shares of Power Integrations stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the sale, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,689 shares of company stock valued at $683,375 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on POWI shares. Stifel Nicolaus increased their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Susquehanna increased their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $64.50.

Get Our Latest Analysis on Power Integrations

Power Integrations Trading Up 2.0%

Power Integrations stock opened at $70.51 on Friday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $81.59. The company has a market cap of $3.93 billion, a PE ratio of 235.04, a PEG ratio of 4.21 and a beta of 1.54. The company’s 50-day moving average is $59.73 and its two-hundred day moving average is $47.34.

Power Integrations (NASDAQ:POWIGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s payout ratio is currently 286.67%.

Power Integrations Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWIFree Report).

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

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.