International Assets Investment Management LLC Has $1.10 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

International Assets Investment Management LLC boosted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 6,305.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,167 shares of the semiconductor company’s stock after buying an additional 16,899 shares during the period. International Assets Investment Management LLC’s holdings in Power Integrations were worth $1,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWI. GAMMA Investing LLC increased its position in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations in the first quarter valued at $55,000. Mather Group LLC. grew its stake in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Power Integrations during the second quarter valued at about $63,000. Finally, Quest Partners LLC lifted its stake in shares of Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 240 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on POWI shares. Susquehanna cut their price target 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 reissued a “buy” rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen lowered their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Stock Up 1.0 %

NASDAQ POWI opened at $63.48 on Tuesday. The firm has a market capitalization of $3.61 billion, a PE ratio of 83.77, a P/E/G ratio of 4.85 and a beta of 1.10. The stock’s 50 day moving average is $62.34 and its 200 day moving average is $68.02. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68.

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

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.26%. Power Integrations’s payout ratio is 106.67%.

Insider Buying and Selling at Power Integrations

In related 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 value of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

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.