Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Pitcairn Co.

Pitcairn Co. boosted its stake in Power Integrations, Inc. (NASDAQ:POWI) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,768 shares of the semiconductor company’s stock after buying an additional 578 shares during the quarter. Pitcairn Co.’s holdings in Power Integrations were worth $341,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Power Integrations in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its stake in shares of Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Power Integrations in the 1st quarter worth $51,000. Fidelis Capital Partners LLC purchased a new position in shares of Power Integrations during the 1st quarter worth $55,000. Finally, Covestor Ltd boosted its position in shares of Power Integrations by 16.3% during the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 222 shares during the last quarter.

Insider Activity

In related news, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 45,436 shares of the company’s stock, valued at $3,350,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. Following the transaction, the vice president now directly owns 45,436 shares in the company, valued at $3,350,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Radu Barsan sold 1,837 shares of the stock in a transaction dated Monday, May 13th. The shares were 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 of the company’s stock, valued at $3,134,749.20. The disclosure for this sale can be found here. Insiders sold 32,100 shares of company stock valued at $2,481,667 in the last three months. 1.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.40.

Power Integrations Stock Performance

NASDAQ POWI traded down $0.97 on Thursday, reaching $71.22. The stock had a trading volume of 525,005 shares, compared to its average volume of 394,510. The stock has a market cap of $4.04 billion, a P/E ratio of 77.40, a price-to-earnings-growth ratio of 4.16 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $62.13 and a 12-month high of $97.37. The business’s 50-day moving average price is $73.99 and its 200 day moving average price is $73.09.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. The firm had revenue of $91.69 million for the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.73 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

About Power Integrations

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.