Power Integrations Inc (POWI) Holdings Raised by Flinton Capital Management LLC
Flinton Capital Management LLC raised its holdings in shares of Power Integrations Inc (NASDAQ:POWI) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,916 shares of the semiconductor company’s stock after acquiring an additional 238 shares during the quarter. Flinton Capital Management LLC’s holdings in Power Integrations were worth $361,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Power Integrations during the fourth quarter valued at about $54,000. We Are One Seven LLC purchased a new position in shares of Power Integrations during the fourth quarter valued at about $87,000. ETF Managers Group LLC grew its position in shares of Power Integrations by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 1,904 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 258 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Power Integrations by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 200 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Power Integrations by 15.9% during the fourth quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 426 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on POWI. ValuEngine lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. BidaskClub lowered Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Northland Securities began coverage on Power Integrations in a research report on Monday, November 26th. They set an “outperform” rating and a $66.00 price objective for the company. Finally, TheStreet upgraded Power Integrations from a “c+” rating to a “b-” rating in a research report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.50.
POWI opened at $70.13 on Friday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 32.77 and a beta of 1.06. Power Integrations Inc has a 12 month low of $47.35 and a 12 month high of $80.50.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 7th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.24. The company had revenue of $93.30 million during the quarter, compared to analyst estimates of $97.12 million. Power Integrations had a return on equity of 12.19% and a net margin of 16.83%. The firm’s revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. As a group, analysts expect that Power Integrations Inc will post 1.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.97%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.16. Power Integrations’s dividend payout ratio (DPR) is currently 31.78%.
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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.
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