ProShare Advisors LLC Has $15.12 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

ProShare Advisors LLC increased its stake in Power Integrations, Inc. (NASDAQ:POWI) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,375 shares of the semiconductor company’s stock after purchasing an additional 956 shares during the period. ProShare Advisors LLC owned approximately 0.38% of Power Integrations worth $15,117,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its position in Power Integrations by 24.5% in the second quarter. Sei Investments Co. now owns 96,442 shares of the semiconductor company’s stock valued at $6,767,000 after acquiring an additional 19,006 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Power Integrations by 20.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 29,000 shares of the semiconductor company’s stock valued at $2,036,000 after purchasing an additional 4,900 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Power Integrations by 28.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,935 shares of the semiconductor company’s stock worth $627,000 after purchasing an additional 1,966 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Power Integrations by 36.1% in the 2nd quarter. WINTON GROUP Ltd now owns 13,342 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 3,539 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Power Integrations by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 256,493 shares of the semiconductor company’s stock valued at $18,003,000 after purchasing an additional 5,830 shares during the last quarter.

Power Integrations Stock Up 1.6 %

POWI stock opened at $60.58 on Tuesday. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The firm has a market capitalization of $3.44 billion, a PE ratio of 65.85, a PEG ratio of 4.71 and a beta of 1.10. The stock has a 50-day simple moving average of $65.19 and a two-hundred day simple moving average of $69.45.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.32%. Power Integrations’s payout ratio is 86.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on POWI shares. Susquehanna lowered their target price on Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Wednesday, September 11th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, August 12th. Finally, TD Cowen cut their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Insiders Place Their Bets

In related news, VP Sunil Gupta sold 2,127 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.