Power Integrations, Inc. (NASDAQ:POWI) Position Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in Power Integrations, Inc. (NASDAQ:POWI) by 369.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408 shares of the semiconductor company’s stock after acquiring an additional 321 shares during the period. SRS Capital Advisors Inc.’s holdings in Power Integrations were worth $33,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Power Integrations in the fourth quarter valued at $26,000. Itau Unibanco Holding S.A. acquired a new stake in Power Integrations during the 3rd quarter worth about $65,000. Headlands Technologies LLC boosted its position in Power Integrations by 374.6% during the 3rd quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 854 shares during the period. Signaturefd LLC increased its holdings in shares of Power Integrations by 17.4% in the 3rd quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 211 shares during the period. Finally, Heritage Wealth Management LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at about $204,000.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 996 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.06, for a total value of $79,739.76. Following the sale, the vice president now owns 32,625 shares of the company’s stock, valued at approximately $2,611,957.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total transaction of $75,667.84. Following the sale, the vice president now directly owns 140,834 shares of the company’s stock, valued at $9,723,179.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Yang Chiah Yee sold 996 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.06, for a total value of $79,739.76. Following the transaction, the vice president now owns 32,625 shares in the company, valued at $2,611,957.50. The disclosure for this sale can be found here. Insiders sold 57,411 shares of company stock worth $4,203,262 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on POWI. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a report on Monday, February 26th. Benchmark boosted their price target on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. TD Cowen increased their price objective on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.17.

Power Integrations Trading Up 0.9 %

Power Integrations stock opened at $68.60 on Friday. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60. The firm’s fifty day simple moving average is $69.50 and its 200-day simple moving average is $74.26. The company has a market capitalization of $3.90 billion, a P/E ratio of 70.72 and a beta of 1.20.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. The company had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. On average, equities research analysts predict that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 1.17%. Power Integrations’s dividend payout ratio (DPR) is presently 82.47%.

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.