Legal & General Group Plc Buys Shares of 133,777 Power Integrations, Inc. $POWI

Legal & General Group Plc purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 133,777 shares of the semiconductor company’s stock, valued at approximately $11,205,000. Legal & General Group Plc owned approximately 0.24% of Power Integrations at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its stake in Power Integrations by 180.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock valued at $1,895,000 after acquiring an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Power Integrations during the first quarter worth about $3,138,000. Calamos Advisors LLC purchased a new position in shares of Power Integrations in the 1st quarter worth about $1,181,000. Emerald Advisers LLC purchased a new position in shares of Power Integrations in the 1st quarter worth about $5,941,000. Finally, Copeland Capital Management LLC increased its position in shares of Power Integrations by 12.6% during the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock valued at $67,676,000 after purchasing an additional 147,882 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Zacks Research cut Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Needham & Company LLC reduced their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Williams Trading set a $80.00 price objective on shares of Power Integrations in a report on Thursday, August 6th. Finally, Stifel Nicolaus reduced their target price on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.67.

Power Integrations Price Performance

POWI opened at $51.38 on Tuesday. The stock’s 50 day simple moving average is $66.03 and its 200 day simple moving average is $63.48. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $91.18. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 114.18 and a beta of 1.58.

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

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.