Louisiana State Employees Retirement System acquired a new position in Power Integrations, Inc. (NASDAQ:POWI – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,600 shares of the semiconductor company’s stock, valued at approximately $1,260,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter worth approximately $36,000. UMB Bank n.a. increased its stake in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Power Integrations in the 4th quarter worth approximately $48,000. Finally, Global X Japan Co. Ltd. raised its holdings in shares of Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 989 shares during the period.
Insider Transactions at Power Integrations
In related news, Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director directly owned 30,609 shares in the company, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the sale, the director directly owned 279,516 shares in the company, valued at $24,161,363.04. This trade represents a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 334,772 shares of company stock valued at $27,322,535 over the last three months. Company insiders own 1.40% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on POWI
Power Integrations Price Performance
NASDAQ POWI opened at $72.99 on Friday. The firm has a market cap of $4.07 billion, a P/E ratio of 243.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.57. The company’s 50 day moving average is $77.25 and its 200-day moving average is $57.09. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18.
Power Integrations (NASDAQ:POWI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same period last year, the firm earned $0.31 EPS. Power Integrations’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts expect that Power Integrations, Inc. will post 0.89 EPS for the current year.
Power Integrations Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $0.215 per share. The ex-dividend date was Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. Power Integrations’s dividend payout ratio is currently 286.67%.
Power Integrations Company Profile
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.
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