Edgestream Partners L.P. Takes $4.75 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Edgestream Partners L.P. purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,340 shares of the semiconductor company’s stock, valued at approximately $4,747,000. Edgestream Partners L.P. owned 0.12% of Power Integrations as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after buying an additional 105,034 shares during the period. Capital International Investors lifted its stake in Power Integrations by 46.2% in the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after buying an additional 390,373 shares during the period. Boston Trust Walden Corp lifted its stake in Power Integrations by 0.5% in the fourth quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company’s stock valued at $65,118,000 after buying an additional 3,784 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Power Integrations by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,948 shares of the semiconductor company’s stock valued at $59,115,000 after buying an additional 10,740 shares during the period. Finally, Ceredex Value Advisors LLC lifted its stake in Power Integrations by 10.1% in the fourth quarter. Ceredex Value Advisors LLC now owns 647,590 shares of the semiconductor company’s stock valued at $53,174,000 after buying an additional 59,290 shares during the period.

Power Integrations Price Performance

Shares of Power Integrations stock traded up $3.07 during trading hours on Monday, hitting $74.93. The company’s stock had a trading volume of 438,422 shares, compared to its average volume of 393,745. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $97.37. The stock has a 50 day moving average of $74.16 and a 200 day moving average of $73.11. The company has a market capitalization of $4.25 billion, a PE ratio of 81.45, a price-to-earnings-growth ratio of 4.01 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $91.69 million during the quarter, compared to the consensus estimate of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. Equities analysts expect that Power Integrations, Inc. will post 0.73 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. Power Integrations’s payout ratio is presently 86.96%.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $90.00 price target on shares of Power Integrations in a report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus target price of $87.40.

Insider Buying and Selling

In related news, VP Radu Barsan sold 1,837 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $76.56, for a total transaction of $140,640.72. Following the completion of the transaction, the vice president now directly owns 40,945 shares in the company, valued at $3,134,749.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the transaction, the vice president now directly owns 45,436 shares in the company, valued at approximately $3,350,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Radu Barsan sold 1,837 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $76.56, for a total value of $140,640.72. Following the transaction, the vice president now directly owns 40,945 shares in the company, valued at $3,134,749.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,100 shares of company stock worth $2,481,667. 1.70% of the stock is owned by corporate insiders.

Power Integrations Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.