William Blair Investment Management LLC bought a new position in Power Integrations, Inc. (NASDAQ:POWI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,382,007 shares of the semiconductor company’s stock, valued at approximately $199,517,000. William Blair Investment Management LLC owned approximately 4.27% of Power Integrations at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Avanda Investment Management Pte. Ltd. acquired a new stake in Power Integrations in the 2nd quarter valued at $1,047,000. Allworth Financial LP bought a new position in shares of Power Integrations during the second quarter valued at $42,000. Ceredex Value Advisors LLC bought a new position in shares of Power Integrations during the second quarter valued at $13,519,000. Madison Asset Management LLC acquired a new stake in shares of Power Integrations in the 2nd quarter valued at $3,826,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Power Integrations in the 2nd quarter valued at $2,914,000.
Insider Transactions at Power Integrations
In related news, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Brathwaite sold 1,728 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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 $1,925,216.12. This represents a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 273,997 shares of company stock valued at $23,013,413 over the last 90 days. 1.20% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on POWI
Power Integrations Trading Up 0.6%
Shares of NASDAQ POWI opened at $55.18 on Friday. The firm’s 50-day moving average is $69.71 and its 200-day moving average is $63.06. The firm has a market capitalization of $3.08 billion, a PE ratio of 122.62 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 quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.77 earnings per share for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Power Integrations
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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:POWI – Free Report).
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.
