Granite Investment Partners LLC Has $10.44 Million Holdings in Power Integrations, Inc. $POWI

Granite Investment Partners LLC increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 17.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 259,573 shares of the semiconductor company’s stock after purchasing an additional 39,120 shares during the period. Granite Investment Partners LLC’s holdings in Power Integrations were worth $10,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Power Integrations during the 3rd quarter worth about $3,997,000. Copeland Capital Management LLC raised its position in shares of Power Integrations by 7.2% during the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after acquiring an additional 86,123 shares during the last quarter. ASR Vermogensbeheer N.V. raised its position in shares of Power Integrations by 8.2% during the third quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock worth $12,366,000 after acquiring an additional 23,354 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of Power Integrations by 119.8% in the second quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock worth $3,753,000 after acquiring an additional 36,592 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Power Integrations by 173.6% in the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock valued at $23,687,000 after acquiring an additional 268,875 shares during the last quarter.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 1,272 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total value of $58,473.84. Following the completion of the sale, the vice president directly owned 96,933 shares of the company’s stock, valued at $4,456,010.01. The trade was a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the transaction, the chief executive officer directly owned 76,307 shares in the company, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,037 shares of company stock valued at $1,752,788. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Stock Down 0.4%

Shares of POWI stock opened at $45.51 on Monday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 116.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.37. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $68.20. The firm has a 50 day moving average of $42.16 and a 200-day moving average of $41.31.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. Analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s payout ratio is currently 215.38%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on POWI shares. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Zacks Research cut shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Susquehanna lifted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Hold” and a consensus target price of $61.00.

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.