Stephens Investment Management Group LLC Lowers Stock Position in Power Integrations, Inc. $POWI

Stephens Investment Management Group LLC lessened its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 726,308 shares of the semiconductor company’s stock after selling 23,661 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Power Integrations were worth $29,205,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of Power Integrations by 475.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 395 shares during the period. Parkside Financial Bank & Trust boosted its position in Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Power Integrations by 364.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 488 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Power Integrations by 576.3% in the first 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. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Power Integrations during the 2nd quarter worth approximately $40,000.

Power Integrations Stock Performance

NASDAQ POWI opened at $43.32 on Friday. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $68.20. The business has a fifty day moving average price of $36.50 and a 200 day moving average price of $42.78. The company has a market cap of $2.40 billion, a P/E ratio of 139.74, a P/E/G ratio of 5.04 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $118.92 million during the quarter, compared to analyst estimates of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, November 28th. Power Integrations’s payout ratio is currently 270.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Benchmark lifted their price target on shares of Power Integrations from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average price target of $61.67.

Insider Activity

In related news, VP Gagan Jain sold 1,033 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $33.80, for a total value of $34,915.40. Following the completion of the sale, the vice president owned 17,212 shares of the company’s stock, valued at approximately $581,765.60. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

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.