We Are One Seven LLC raised its stake in shares of Power Integrations Inc (NASDAQ:POWI) by 173.8% in the 1st quarter, Holdings Channel reports. The firm owned 1,536 shares of the semiconductor company’s stock after purchasing an additional 975 shares during the period. We Are One Seven LLC’s holdings in Power Integrations were worth $105,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Barclays PLC lifted its position in Power Integrations by 82.7% during the first quarter. Barclays PLC now owns 8,942 shares of the semiconductor company’s stock valued at $611,000 after purchasing an additional 4,048 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of Power Integrations by 5.8% during the first quarter. Crawford Investment Counsel Inc. now owns 106,789 shares of the semiconductor company’s stock worth $7,299,000 after acquiring an additional 5,810 shares in the last quarter. UBS Group AG raised its stake in shares of Power Integrations by 12.4% during the first quarter. UBS Group AG now owns 18,843 shares of the semiconductor company’s stock worth $1,288,000 after acquiring an additional 2,080 shares in the last quarter. Impax Asset Management LLC raised its stake in shares of Power Integrations by 26.6% during the first quarter. Impax Asset Management LLC now owns 185,097 shares of the semiconductor company’s stock worth $12,651,000 after acquiring an additional 38,946 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Power Integrations by 23.1% during the first quarter. Profund Advisors LLC now owns 5,756 shares of the semiconductor company’s stock worth $393,000 after acquiring an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.
Several research analysts recently commented on the stock. ValuEngine raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, April 27th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.40.
Shares of Power Integrations stock opened at $78.90 on Thursday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 34.61 and a beta of 1.23. Power Integrations Inc has a 12-month low of $60.55 and a 12-month high of $86.60.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Power Integrations had a net margin of 6.44% and a return on equity of 12.69%. The business had revenue of $103.10 million for the quarter, compared to the consensus estimate of $102.78 million. During the same period in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. equities research analysts predict that Power Integrations Inc will post 2.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 30th. Power Integrations’s dividend payout ratio (DPR) is presently 28.07%.
About Power Integrations
Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
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