45,678 Shares in Power Integrations, Inc. $POWI Acquired by Madison Asset Management LLC

Madison Asset Management LLC acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,678 shares of the semiconductor company’s stock, valued at approximately $3,826,000. Madison Asset Management LLC owned approximately 0.08% of Power Integrations as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in shares of Power Integrations during the 2nd quarter worth $33,000. Global Retirement Partners LLC bought a new position in shares of Power Integrations during the 2nd quarter valued at $44,000. Geneos Wealth Management Inc. lifted its stake in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Power Integrations in the fourth quarter worth $36,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Susquehanna upped their price target on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Williams Trading set a $80.00 target price on Power Integrations in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.67.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $54.84 on Friday. The stock’s 50-day moving average is $70.17 and its 200-day moving average is $63.12. The company has a market cap of $3.06 billion, a P/E ratio of 121.87 and a beta of 1.58. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The business had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current year.

Insiders Place Their Bets

In other news, Director Nicholas Brathwaite sold 6,655 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total value of $550,435.05. Following the sale, the director owned 23,954 shares in the company, valued at approximately $1,981,235.34. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares in the company, valued at $5,854,421.02. This trade represents a 18.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 273,997 shares of company stock valued at $23,013,413 in the last three months. Company insiders own 1.20% of the company’s stock.

Power Integrations Company Profile

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.