Sei Investments Co. Buys 58,057 Shares of Power Integrations, Inc. $POWI

Sei Investments Co. raised its stake in Power Integrations, Inc. (NASDAQ:POWI) by 36.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,429 shares of the semiconductor company’s stock after buying an additional 58,057 shares during the period. Sei Investments Co.’s holdings in Power Integrations were worth $11,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Power Integrations in the fourth quarter valued at about $36,000. UMB Bank n.a. raised its holdings in shares of Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 410 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Power Integrations in the fourth quarter worth about $48,000. Finally, Osaic Holdings Inc. lifted its stake in Power Integrations by 76.2% in the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock worth $92,000 after acquiring an additional 744 shares during the period.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $60.71 on Friday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $91.18. The business has a fifty day moving average price of $75.66 and a 200 day moving average price of $61.33. The stock has a market capitalization of $3.38 billion, a P/E ratio of 202.37 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.76 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.

Insider Activity

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director directly owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $83.67, for a total value of $573,976.20. Following the transaction, the vice president owned 64,379 shares in the company, valued at approximately $5,386,590.93. This trade represents a 9.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 334,772 shares of company stock worth $27,322,535. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

POWI has been the topic of a number of research reports. Susquehanna raised their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Stifel Nicolaus increased their price objective on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Needham & Company LLC began coverage on shares of Power Integrations in a report on Wednesday, June 10th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Power Integrations currently has an average rating of “Hold” and a consensus target price of $76.20.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.