State of New Jersey Common Pension Fund D Has $1.74 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

State of New Jersey Common Pension Fund D decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 36.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,772 shares of the semiconductor company’s stock after selling 14,299 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Power Integrations were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POWI. Fifth Third Bancorp lifted its stake in Power Integrations by 8.1% in the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. US Bancorp DE increased its position in Power Integrations by 1.1% during the fourth quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after buying an additional 161 shares during the last quarter. Mather Group LLC. lifted its holdings in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Power Integrations by 1.2% during the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after purchasing an additional 185 shares during the period.

Insider Activity at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Wednesday, September 11th. Finally, Susquehanna lowered their price objective on Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.50.

Power Integrations Trading Up 2.0 %

Shares of NASDAQ:POWI opened at $61.77 on Wednesday. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The stock has a market capitalization of $3.51 billion, a P/E ratio of 67.14, a P/E/G ratio of 4.71 and a beta of 1.10. The business has a 50-day moving average price of $64.85 and a two-hundred day moving average price of $69.37.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $106.20 million for 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 revenue was down 13.8% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. As a group, equities analysts predict that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

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.