Croft Leominster Inc. continued to hold its position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,600 shares of the semiconductor company’s stock at the end of the second quarter. Croft Leominster Inc.’s holdings in Power Integrations were worth $565,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in Power Integrations by 2.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the semiconductor company’s stock worth $513,000 after buying an additional 150 shares during the period. SG Americas Securities LLC increased its position in Power Integrations by 181.1% during the 1st quarter. SG Americas Securities LLC now owns 6,662 shares of the semiconductor company’s stock worth $438,000 after buying an additional 4,292 shares during the period. Schwab Charles Investment Management Inc. increased its position in Power Integrations by 15.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 142,197 shares of the semiconductor company’s stock worth $9,350,000 after buying an additional 18,538 shares during the period. Renaissance Group LLC increased its position in Power Integrations by 1.1% during the 2nd quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock worth $385,000 after buying an additional 56 shares during the period. Finally, Legal & General Group Plc increased its position in Power Integrations by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 57,673 shares of the semiconductor company’s stock worth $4,204,000 after buying an additional 4,970 shares during the period. Hedge funds and other institutional investors own 95.38% of the company’s stock.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $107.56 million for the quarter, compared to analysts’ expectations of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. Power Integrations’s dividend payout ratio (DPR) is 29.95%.

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In related news, VP Raja Petrakian sold 2,272 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now owns 30,815 shares of the company’s stock, valued at approximately $2,122,845.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Mh Matthews sold 1,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.22, for a total value of $71,220.00. Following the sale, the vice president now directly owns 43,405 shares in the company, valued at approximately $3,091,304.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,593 shares of company stock worth $5,644,357 in the last three months. 4.30% of the stock is currently owned by insiders.

POWI has been the topic of several recent research reports. Deutsche Bank AG cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price objective on shares of Power Integrations in a research report on Sunday, September 3rd. Drexel Hamilton set a $84.00 price objective on Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 28th. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.33.

Power Integrations Company Profile

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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