American Century Companies Inc. Buys New Holdings in Power Integrations, Inc. (NASDAQ:POWI)

American Century Companies Inc. acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,396 shares of the semiconductor company’s stock, valued at approximately $800,000.

Other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its stake in Power Integrations by 46.2% in the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after purchasing an additional 390,373 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Power Integrations by 2,011.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock worth $21,427,000 after buying an additional 248,591 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after purchasing an additional 105,034 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Power Integrations during the first quarter valued at approximately $4,747,000. Finally, Congress Asset Management Co. MA increased its position in shares of Power Integrations by 14.8% during the first quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock valued at $34,881,000 after acquiring an additional 62,824 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on POWI shares. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $62.26 on Wednesday. The company has a 50-day simple moving average of $63.94 and a 200-day simple moving average of $69.09. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68. The company has a market cap of $3.53 billion, a PE ratio of 67.67, a price-to-earnings-growth ratio of 4.96 and a beta of 1.10.

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 analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s payout ratio is currently 86.96%.

Insider Buying and Selling

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,420,144.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

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.