Atria Investments Inc Boosts Position in Power Integrations, Inc. (NASDAQ:POWI)

Atria Investments Inc grew its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,483 shares of the semiconductor company’s stock after acquiring an additional 717 shares during the period. Atria Investments Inc’s holdings in Power Integrations were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in POWI. Janney Montgomery Scott LLC boosted its holdings in Power Integrations by 29.2% in the first quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 914 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Power Integrations by 1.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock valued at $1,116,000 after purchasing an additional 185 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after buying an additional 105,034 shares in the last quarter. Bessemer Group Inc. grew its position in Power Integrations by 5.3% during the first quarter. Bessemer Group Inc. now owns 6,503 shares of the semiconductor company’s stock valued at $466,000 after buying an additional 326 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Power Integrations by 25.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,275 shares of the semiconductor company’s stock worth $3,095,000 after acquiring an additional 8,864 shares during the period.

Insiders Place Their Bets

In related news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares in the company, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sunil Gupta sold 2,127 shares of Power Integrations 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 transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,782 shares of company stock valued at $702,135 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Power Integrations Stock Performance

Shares of POWI opened at $61.14 on Thursday. The stock has a 50 day moving average price of $62.57 and a 200 day moving average price of $67.76. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 92.63, a PEG ratio of 6.50 and a beta of 1.10. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, analysts predict that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.21 dividend. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. Power Integrations’s dividend payout ratio is presently 121.21%.

Analyst Ratings Changes

POWI has been the subject of several recent analyst reports. Susquehanna cut their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. TD Cowen reduced 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. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.