Handelsinvest Investeringsforvaltning Has $146,000 Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Handelsinvest Investeringsforvaltning decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 34.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,042 shares of the semiconductor company’s stock after selling 1,060 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Power Integrations were worth $146,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Power Integrations during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Power Integrations during the 1st quarter worth approximately $51,000. Heritage Wealth Management LLC acquired a new position in shares of Power Integrations during the 4th quarter worth approximately $204,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Power Integrations during the 4th quarter worth approximately $209,000.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Power Integrations in a report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.40.

Power Integrations Trading Up 0.2 %

POWI stock opened at $70.68 on Thursday. The business’s 50 day simple moving average is $73.37 and its 200 day simple moving average is $73.98. The firm has a market capitalization of $4.01 billion, a PE ratio of 76.83, a PEG ratio of 3.93 and a beta of 1.11. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $91.69 million during the quarter, compared to the consensus estimate of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.73 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.13%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Insider Activity at Power Integrations

In related news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares in the company, valued at approximately $3,350,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares in the company, valued at approximately $3,350,905. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 4,839 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $77.25, for a total value of $373,812.75. Following the sale, the chief financial officer now owns 90,198 shares of the company’s stock, valued at $6,967,795.50. The disclosure for this sale can be found here. Insiders sold 32,100 shares of company stock worth $2,481,667 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.