WCM Investment Management LLC Invests $7.51 Million in Power Integrations, Inc. $POWI

WCM Investment Management LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 156,928 shares of the semiconductor company’s stock, valued at approximately $7,514,000.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations in the fourth quarter worth about $36,000. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after buying an additional 410 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Power Integrations in the fourth quarter valued at approximately $48,000. Finally, Osaic Holdings Inc. boosted its position in shares of Power Integrations by 76.2% in the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 744 shares during the period.

Insider Activity

In related news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nicholas Brathwaite sold 1,728 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the transaction, the director directly owned 22,226 shares in the company, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 334,772 shares of company stock worth $27,322,535. 1.20% of the stock is currently owned by corporate insiders.

Power Integrations Trading Up 1.0%

Shares of NASDAQ POWI opened at $71.15 on Tuesday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 237.17, a PEG ratio of 3.07 and a beta of 1.57. The business has a 50-day moving average of $76.69 and a 200-day moving average of $59.83.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $106.75 million. During the same period last year, the firm posted $0.31 earnings per share. Power Integrations’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s dividend payout ratio is presently 286.67%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on POWI shares. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Needham & Company LLC assumed coverage on shares of Power Integrations in a report on Wednesday, June 10th. They issued a “buy” rating and a $90.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.20.

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.