State of Wyoming bought a new stake in Power Integrations, Inc. (NASDAQ:POWI – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,217 shares of the semiconductor company’s stock, valued at approximately $399,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. raised its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 371 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Power Integrations in the fourth quarter valued at $48,000. Osaic Holdings Inc. raised its position in Power Integrations by 76.2% in the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 744 shares during the period. Finally, Huntington National Bank raised its position in Power Integrations by 42.6% in the third quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 559 shares during the period.
Power Integrations Stock Performance
POWI stock opened at $77.02 on Monday. The company has a market capitalization of $4.29 billion, a PE ratio of 256.74, a P/E/G ratio of 3.35 and a beta of 1.57. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $89.00. The business’s fifty day moving average price is $67.19 and its 200 day moving average price is $50.84.
Power Integrations Announces Dividend
The business also recently declared 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. The ex-dividend date is Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.1%. Power Integrations’s dividend payout ratio is 286.67%.
Analysts Set New Price Targets
POWI has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Northland Securities downgraded 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Power Integrations presently has an average rating of “Hold” and an average price target of $64.50.
View Our Latest Report on POWI
Insider Buying and Selling at Power Integrations
In other news, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the transaction, the director owned 22,226 shares in the company, valued at approximately $1,925,216.12. This trade represents a 7.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the transaction, the director owned 279,516 shares of the company’s stock, valued at $24,161,363.04. The trade was a 30.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 335,085 shares of company stock valued at $27,338,789 in the last quarter. Corporate insiders own 1.40% of the company’s stock.
Power Integrations 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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