Icon Advisers Inc. Co. Invests $1.44 Million in Power Integrations, Inc. $POWI

Icon Advisers Inc. Co. bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 25,700 shares of the semiconductor company’s stock, valued at approximately $1,437,000.

A number of other large investors have also modified their holdings of POWI. Invesco Ltd. boosted its stake in shares of Power Integrations by 1,345.8% in the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company’s stock valued at $66,367,000 after buying an additional 1,223,310 shares in the last quarter. Northern Trust Corp lifted its holdings in Power Integrations by 7.9% in the first quarter. Northern Trust Corp now owns 1,075,076 shares of the semiconductor company’s stock valued at $54,291,000 after acquiring an additional 79,036 shares during the period. American Century Companies Inc. boosted its position in shares of Power Integrations by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company’s stock worth $52,779,000 after purchasing an additional 213,102 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Power Integrations by 1.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 749,969 shares of the semiconductor company’s stock worth $41,923,000 after purchasing an additional 10,993 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Power Integrations by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 664,214 shares of the semiconductor company’s stock valued at $33,543,000 after purchasing an additional 9,241 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on POWI. Wall Street Zen downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Susquehanna decreased their price target on Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Wednesday, November 19th. Finally, Benchmark reduced their price objective on Power Integrations from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Buying and Selling

In related news, VP Gagan Jain sold 1,033 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $33.80, for a total value of $34,915.40. Following the completion of the transaction, the vice president owned 17,212 shares of the company’s stock, valued at approximately $581,765.60. The trade was a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 1,600 shares of company stock worth $58,272. Company insiders own 1.40% of the company’s stock.

Power Integrations Price Performance

Shares of POWI opened at $33.59 on Monday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $68.20. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 57.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.42. The firm has a 50 day simple moving average of $38.89 and a 200-day simple moving average of $46.67.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $118.92 million for the quarter, compared to analyst estimates of $118.36 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.Power Integrations’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Power Integrations has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.5%. Power Integrations’s dividend payout ratio (DPR) is presently 270.97%.

Power Integrations 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.