State of Alaska Department of Revenue boosted its stake in Power Integrations Inc (NASDAQ:POWI) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,250 shares of the semiconductor company’s stock after buying an additional 90 shares during the period. State of Alaska Department of Revenue’s holdings in Power Integrations were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in Power Integrations by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 178,937 shares of the semiconductor company’s stock worth $11,278,000 after buying an additional 5,769 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Power Integrations by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the semiconductor company’s stock worth $492,000 after buying an additional 120 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Power Integrations by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 706,852 shares of the semiconductor company’s stock worth $44,553,000 after buying an additional 9,076 shares during the last quarter. BlackRock Group LTD boosted its stake in Power Integrations by 7.2% in the third quarter. BlackRock Group LTD now owns 51,608 shares of the semiconductor company’s stock worth $3,253,000 after buying an additional 3,453 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Power Integrations by 6.0% in the third quarter. Rhumbline Advisers now owns 39,611 shares of the semiconductor company’s stock worth $2,497,000 after buying an additional 2,255 shares during the last quarter. Institutional investors own 96.85% of the company’s stock.

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

Shares of Power Integrations Inc (NASDAQ:POWI) opened at 66.10 on Friday. Power Integrations Inc has a 1-year low of $46.38 and a 1-year high of $72.65. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 37.99 and a beta of 1.01. The firm’s 50-day moving average price is $65.11 and its 200 day moving average price is $66.16.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.61 by $0.11. Power Integrations had a net margin of 12.36% and a return on equity of 11.71%. The business had revenue of $104.70 million for the quarter, compared to analyst estimates of $102.21 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts expect that Power Integrations Inc will post $2.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 26th. Power Integrations’s dividend payout ratio is presently 32.10%.

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Several equities analysts have recently issued reports on POWI shares. Sidoti raised Power Integrations from a “neutral” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Friday, May 5th. Five investment analysts have rated the stock with a buy rating, Power Integrations presently has an average rating of “Buy” and a consensus price target of $71.00.

In other news, VP Raja Petrakian sold 1,116 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $63.05, for a total transaction of $70,363.80. Following the sale, the vice president now owns 33,087 shares in the company, valued at $2,086,135.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balu Balakrishnan sold 1,836 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $63.68, for a total transaction of $116,916.48. Following the sale, the insider now owns 244,576 shares in the company, valued at approximately $15,574,599.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,666 shares of company stock valued at $1,496,404. Company insiders own 5.70% of the company’s stock.

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’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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