First National Bank of Omaha bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 34,396 shares of the semiconductor company’s stock, valued at approximately $2,881,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky raised its position in Power Integrations by 180.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock valued at $1,895,000 after buying an additional 23,837 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Power Integrations in the first quarter worth approximately $3,138,000. Calamos Advisors LLC acquired a new stake in shares of Power Integrations during the first quarter worth approximately $1,181,000. Emerald Advisers LLC acquired a new stake in shares of Power Integrations during the first quarter worth approximately $5,941,000. Finally, Copeland Capital Management LLC grew its position in Power Integrations by 12.6% during the first quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock valued at $67,676,000 after purchasing an additional 147,882 shares in the last quarter.
Analyst Upgrades and Downgrades
POWI has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Wednesday, August 5th. Williams Trading set a $80.00 price objective on Power Integrations in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.67.
Power Integrations Trading Down 5.7%
POWI opened at $58.59 on Wednesday. The business has a 50 day moving average of $71.01 and a 200-day moving average of $62.99. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 130.20 and a beta of 1.58. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $91.18.
Power Integrations (NASDAQ:POWI – Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same period in the prior year, the company earned $0.35 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current year.
Insider Transactions at Power Integrations
In other news, Director Nicholas Brathwaite sold 6,655 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05. Following the transaction, the director owned 23,954 shares in the company, valued at approximately $1,981,235.34. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 327,877 shares of company stock worth $26,823,268. 1.20% of the stock is currently owned by company insiders.
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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