Needham Investment Management LLC Has $903,000 Holdings in Power Integrations, Inc. $POWI

Needham Investment Management LLC trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,400 shares of the semiconductor company’s stock after selling 7,100 shares during the quarter. Needham Investment Management LLC’s holdings in Power Integrations were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Snyder Capital Management L P raised its position in Power Integrations by 148.8% in the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Power Integrations by 3,635.7% during the fourth 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 during the last quarter. Wellington Management Group LLP increased its stake in shares of Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after buying an additional 595,404 shares in the last quarter. State Street Corp raised its holdings in shares of Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after buying an additional 518,284 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Power Integrations by 843.8% in the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock valued at $29,065,000 after buying an additional 464,858 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other news, Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the transaction, the director directly owned 30,609 shares in the company, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the sale, the director directly owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 335,085 shares of company stock valued at $27,338,789. 1.40% of the stock is currently owned by company insiders.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $83.31 on Tuesday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 277.71, a P/E/G ratio of 3.41 and a beta of 1.57. The company has a 50 day moving average of $70.43 and a 200-day moving average of $52.75. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $89.00.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share 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 5.34%. The business had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. During the same period in the prior year, the business posted $0.31 earnings per share. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is currently 286.67%.

Analysts Set New Price Targets

POWI has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Needham & Company LLC assumed coverage on shares of Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.60.

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.