Mather Group LLC. Purchases New Stake in Power Integrations, Inc. (NASDAQ:POWI)

Mather Group LLC. acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 707 shares of the semiconductor company’s stock, valued at approximately $51,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kodai Capital Management LP acquired a new stake in shares of Power Integrations during the 4th quarter valued at approximately $39,467,000. Norges Bank bought a new position in shares of Power Integrations in the 4th quarter worth about $37,424,000. Capital International Investors boosted its holdings in shares of Power Integrations by 46.2% in the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after buying an additional 390,373 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of Power Integrations by 2,011.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock valued at $21,427,000 after buying an additional 248,591 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after buying an additional 154,032 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on POWI shares. 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. Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of Power Integrations in a report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $87.40.

Insider Buying and Selling

In other news, VP Clifford Walker sold 1,096 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the completion of the sale, the vice president now owns 140,834 shares in the company, valued at $9,723,179.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sandeep Nayyar sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total transaction of $392,500.00. Following the transaction, the chief financial officer now directly owns 85,198 shares of the company’s stock, valued at $6,688,043. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the sale, the vice president now directly owns 140,834 shares of the company’s stock, valued at approximately $9,723,179.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,094 shares of company stock valued at $3,443,600. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Down 0.4 %

Shares of NASDAQ POWI opened at $71.36 on Monday. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $99.60. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 77.57, a P/E/G ratio of 3.94 and a beta of 1.18. The business has a fifty day simple moving average of $72.56 and a 200-day simple moving average of $74.58.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The firm had revenue of $91.69 million for the quarter, compared to the consensus estimate of $89.98 million. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.74 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, May 31st. Power Integrations’s dividend payout ratio is 86.96%.

About Power Integrations

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.