Bahl & Gaynor Inc. Buys 627 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Bahl & Gaynor Inc. boosted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 47,980 shares of the semiconductor company’s stock after buying an additional 627 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Power Integrations were worth $3,940,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in Power Integrations during the 4th quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new position in Power Integrations in the 3rd quarter valued at approximately $65,000. Headlands Technologies LLC lifted its stake in Power Integrations by 374.6% in the 3rd quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 854 shares during the last quarter. CWM LLC raised its stake in shares of Power Integrations by 102.4% during the third quarter. CWM LLC now owns 1,095 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 554 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Power Integrations by 16.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,166 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 168 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research note on Monday, February 26th. TD Cowen lifted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Benchmark raised their price target on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.17.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $67.27 on Friday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 69.35 and a beta of 1.21. The company has a 50-day moving average price of $69.99 and a 200-day moving average price of $74.61. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to analysts’ expectations of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s payout ratio is currently 82.47%.

Insider Activity at Power Integrations

In related news, VP Clifford Walker sold 1,096 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the transaction, the vice president now directly owns 140,834 shares of the company’s stock, valued at $9,723,179.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Power Integrations news, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the sale, the vice president now owns 140,834 shares of the company’s stock, valued at $9,723,179.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now directly owns 552,161 shares in the company, valued at approximately $37,883,766.21. The disclosure for this sale can be found here. Insiders have sold 57,411 shares of company stock valued at $4,203,262 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Company Profile

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.