Snyder Capital Management L P Boosts Stock Position in Power Integrations, Inc. $POWI

Snyder Capital Management L P raised its stake in Power Integrations, Inc. (NASDAQ:POWI) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 829,726 shares of the semiconductor company’s stock after acquiring an additional 27,191 shares during the period. Snyder Capital Management L P’s holdings in Power Integrations were worth $33,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in shares of Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 395 shares during the period. Parkside Financial Bank & Trust raised its position in Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after buying an additional 326 shares during the last quarter. 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 worth $32,000 after acquiring an additional 536 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Power Integrations in the second quarter valued at about $40,000. Finally, Huntington National Bank increased its stake in shares of Power Integrations by 27.4% during the second quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 282 shares during the period.

Insider Buying and Selling at Power Integrations

In related news, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president directly owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the sale, the chief executive officer owned 76,307 shares in the company, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 41,518 shares of company stock valued at $1,920,642. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna increased their price objective on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, one has 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 a consensus target price of $61.00.

Power Integrations Stock Performance

Power Integrations stock opened at $46.97 on Thursday. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $63.04. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 120.44, a price-to-earnings-growth ratio of 3.64 and a beta of 1.34. The stock’s fifty day moving average is $43.97 and its two-hundred day moving average is $41.47.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The business had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a dividend of $0.215 per share. This is a positive change 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 1.8%. Power Integrations’s dividend payout ratio is 220.51%.

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.