Public Employees Retirement Association of Colorado maintained its position in Power Integrations Inc. (NASDAQ:POWI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,100 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned 0.86% of Power Integrations worth $12,372,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in POWI. BlackRock Institutional Trust Company N.A. boosted its stake in Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock valued at $34,954,000 after buying an additional 3,556 shares in the last quarter. Bank of Montreal Can purchased a new stake in Power Integrations during the second quarter valued at $175,000. BlackRock Group LTD boosted its stake in Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock valued at $2,094,000 after buying an additional 9,686 shares in the last quarter. BlackRock Inc. boosted its stake in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock valued at $106,000 after buying an additional 1,192 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Power Integrations by 4.4% in the first quarter. Prudential Financial Inc. now owns 69,369 shares of the company’s stock valued at $3,445,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 97.78% of the company’s stock.

Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

Power Integrations Inc. (NASDAQ:POWI) traded up 1.27% on Thursday, hitting $62.76. 80,247 shares of the stock were exchanged. The firm has a market cap of $1.81 billion, a PE ratio of 41.73 and a beta of 1.13. The company has a 50-day moving average price of $60.53 and a 200-day moving average price of $53.34. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $64.73.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The company had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $91.22 million. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Power Integrations Inc. will post $2.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, August 29th. Power Integrations’s payout ratio is 34.44%.

Several equities research analysts recently weighed in on POWI shares. Deutsche Bank AG upped their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, July 20th. Stifel Nicolaus upped their price objective on shares of Power Integrations from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Sidoti cut shares of Power Integrations from a “buy” rating to a “neutral” rating in a research report on Thursday, June 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Power Integrations has an average rating of “Buy” and a consensus price target of $62.80.

In related news, insider Balu Balakrishnan sold 14,400 shares of Power Integrations stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $63.61, for a total value of $915,984.00. Following the completion of the sale, the insider now owns 220,130 shares of the company’s stock, valued at approximately $14,002,469.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 960 shares of Power Integrations stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $64.13, for a total value of $61,564.80. Following the completion of the sale, the vice president now directly owns 27,259 shares of the company’s stock, valued at approximately $1,748,119.67. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

Power Integrations Company Profile

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’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

5 Day Chart for NASDAQ:POWI

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