First National Bank of Omaha Takes Position in Power Integrations, Inc. $POWI

First National Bank of Omaha bought a new position in Power Integrations, Inc. (NASDAQ:POWI) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 45,681 shares of the semiconductor company’s stock, valued at approximately $1,837,000. First National Bank of Omaha owned 0.08% of Power Integrations as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of Power Integrations by 475.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 395 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares during the period. Parkside Financial Bank & Trust raised its stake in Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 326 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Power Integrations during the second quarter valued at approximately $40,000. Finally, Huntington National Bank boosted its position in shares of Power Integrations by 27.4% in the second quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 282 shares during the period.

Insider Buying and Selling

In other news, VP Sunil Gupta sold 1,272 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total transaction of $58,473.84. Following the transaction, the vice president owned 96,933 shares of the company’s stock, valued at approximately $4,456,010.01. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 4,995 shares of Power Integrations stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total transaction of $235,764.00. Following the transaction, the director directly owned 576,256 shares of the company’s stock, valued at $27,199,283.20. The trade was a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,070 shares of company stock valued at $1,787,703. 1.40% of the stock is currently owned by company insiders.

Power Integrations Trading Up 0.4%

Shares of Power Integrations stock opened at $45.93 on Thursday. The firm has a market cap of $2.55 billion, a PE ratio of 117.77, a PEG ratio of 3.47 and a beta of 1.37. The stock has a 50 day moving average of $41.81 and a 200 day moving average of $41.40. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $68.20.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.9%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 27th. Power Integrations’s dividend payout ratio (DPR) is currently 215.38%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on POWI. Susquehanna lifted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Zacks Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.00.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.