Power Integrations, Inc. (NASDAQ:POWI) Position Lifted by MML Investors Services LLC

MML Investors Services LLC raised its stake in Power Integrations, Inc. (NASDAQ:POWI) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,231 shares of the semiconductor company’s stock after purchasing an additional 207 shares during the period. MML Investors Services LLC’s holdings in Power Integrations were worth $400,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Power Integrations in the second quarter valued at about $63,000. Quest Partners LLC boosted its holdings in shares of Power Integrations by 23.5% in 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 during the period. Truvestments Capital LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at about $87,000. KBC Group NV lifted its holdings in Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 432 shares during the last quarter. Finally, Fifth Third Bancorp boosted 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 period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Finally, Susquehanna lowered their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three research 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. Based on data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

NASDAQ:POWI opened at $62.41 on Tuesday. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 94.56, a PEG ratio of 7.01 and a beta of 1.12. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $85.27. The business has a fifty day moving average of $63.81 and a 200-day moving average of $65.83.

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

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 127.27%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 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 disclosure for this sale can be found here. Insiders have sold a total of 18,655 shares of company stock valued at $1,205,566 over the last quarter. Corporate 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.