Power Integrations, Inc. $POWI Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,556,919 shares of the semiconductor company’s stock after buying an additional 409,643 shares during the quarter. Vanguard Group Inc. owned 0.14% of Power Integrations worth $268,573,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its position in Power Integrations by 0.8% in the second quarter. State Street Corp now owns 2,663,326 shares of the semiconductor company’s stock worth $148,880,000 after buying an additional 21,983 shares during the last quarter. Wellington Management Group LLP grew its position in Power Integrations by 35.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after purchasing an additional 595,404 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Power Integrations by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,029,901 shares of the semiconductor company’s stock worth $41,408,000 after purchasing an additional 13,044 shares in the last quarter. Snyder Capital Management L P grew its position in Power Integrations by 3.4% during the 3rd quarter. Snyder Capital Management L P now owns 829,726 shares of the semiconductor company’s stock worth $33,363,000 after purchasing an additional 27,191 shares in the last quarter. Finally, M&T Bank Corp grew its position in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after purchasing an additional 728,517 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on POWI shares. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research report on Monday, April 6th. Benchmark lifted their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Stifel Nicolaus lifted their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday. Finally, Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Power Integrations currently has an average rating of “Hold” and a consensus price target of $64.50.

Key Stories Impacting Power Integrations

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Susquehanna raised its price target on Power Integrations to $85 from $70 and reiterated a positive rating, signaling more upside optimism after the latest results. Benzinga The Fly
• Positive Sentiment: Power Integrations reported first-quarter earnings of $0.25 per share, topping estimates, and revenue of $108.3 million versus consensus of $106.8 million, suggesting continued demand resilience. MarketBeat
• Positive Sentiment: The company’s second-quarter revenue guidance of $115 million to $120 million brackets Wall Street’s forecast, which investors may view as a constructive outlook following the earnings release. MarketBeat
• Positive Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, reinforcing capital return to shareholders. MSN
• Neutral Sentiment: The company appointed semiconductor veteran Mike Balow as senior vice president of worldwide sales, a leadership move that could support future growth but does not have an immediate financial impact. TipRanks
• Neutral Sentiment: The company also noted improving inventory levels, which is encouraging for operations but is still early evidence rather than a confirmed long-term trend. MSN

Insider Buying and Selling at Power Integrations

In related news, Director Balu Balakrishnan sold 4,995 shares of Power Integrations stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total value of $235,764.00. Following the completion of the sale, the director owned 576,256 shares of the company’s stock, valued at approximately $27,199,283.20. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the sale, the vice president directly owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,152 shares of company stock worth $994,599 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Power Integrations Stock Up 2.0%

Shares of NASDAQ:POWI opened at $73.28 on Friday. The firm has a fifty day moving average of $55.06 and a two-hundred day moving average of $45.36. The firm has a market capitalization of $4.08 billion, a P/E ratio of 244.27, a price-to-earnings-growth ratio of 5.45 and a beta of 1.54. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $81.59.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.32%. The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same quarter in the previous year, the business earned $0.31 EPS. Power Integrations’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s payout ratio is presently 286.67%.

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.