William Blair Investment Management LLC Has $575,000 Stake in Power Integrations, Inc. (NASDAQ:POWI)

William Blair Investment Management LLC lessened its position in Power Integrations, Inc. (NASDAQ:POWI) by 97.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,190 shares of the semiconductor company’s stock after selling 287,791 shares during the period. William Blair Investment Management LLC’s holdings in Power Integrations were worth $575,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 150 shares during the period. Mather Group LLC. acquired a new position in Power Integrations in the 1st quarter valued at approximately $51,000. Fidelis Capital Partners LLC bought a new position in shares of Power Integrations during the first quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Power Integrations during the second quarter worth $63,000. Finally, Quest Partners LLC grew its stake in shares of Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares during the last quarter.

Power Integrations Stock Down 1.8 %

Power Integrations stock opened at $58.58 on Tuesday. The company has a market capitalization of $3.33 billion, a PE ratio of 63.67, a PEG ratio of 4.62 and a beta of 1.10. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The firm’s fifty day moving average is $66.82 and its 200 day moving average is $70.01.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Sell-side analysts expect that Power Integrations, Inc. will post 0.6 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. Power Integrations’s dividend payout ratio is 86.96%.

Wall Street Analysts Forecast Growth

POWI has been the topic of several recent research reports. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Wednesday, September 11th. Susquehanna lowered their price target on shares of 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 reaffirmed 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. Finally, TD Cowen lowered their target price on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

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.