Old West Investment Management LLC acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,536 shares of the semiconductor company’s stock, valued at approximately $1,553,000.
A number of other large investors have also modified their holdings of the company. Covestor Ltd lifted its position in Power Integrations by 13.8% in the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 251 shares during the period. Baird Financial Group Inc. boosted its stake in Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares in the last quarter. Cetera Investment Advisers increased its holdings in Power Integrations by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 340 shares during the period. First National Bank of Omaha increased its holdings in Power Integrations by 0.8% in the 4th quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock valued at $1,637,000 after buying an additional 366 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Power Integrations by 3.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after buying an additional 389 shares in the last quarter.
Analyst Upgrades and Downgrades
POWI has been the subject of a number of analyst reports. Williams Trading set a $80.00 price objective on shares of Power Integrations in a report on Thursday, August 6th. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Needham & Company LLC decreased their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Power Integrations currently has an average rating of “Hold” and a consensus target price of $72.67.
Power Integrations Price Performance
Power Integrations stock opened at $62.75 on Monday. The stock has a fifty day moving average price of $71.62 and a two-hundred day moving average price of $62.80. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18. The firm has a market capitalization of $3.51 billion, a P/E ratio of 139.45 and a beta of 1.58.
Power Integrations (NASDAQ:POWI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The company had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.
Insider Buying and Selling
In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total transaction of $149,679.36. Following the sale, the director directly owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction 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 represents a 30.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 327,877 shares of company stock worth $26,823,268 in the last quarter. 1.20% of the stock is owned by corporate insiders.
About Power Integrations
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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