Crawford Investment Counsel Inc. Boosts Holdings in Power Integrations, Inc. $POWI

Crawford Investment Counsel Inc. grew its position in Power Integrations, Inc. (NASDAQ:POWI) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,894 shares of the semiconductor company’s stock after purchasing an additional 25,837 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Power Integrations were worth $8,199,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Power Integrations by 66.5% in the 3rd quarter. Bank of America Corp DE now owns 723,281 shares of the semiconductor company’s stock worth $29,083,000 after purchasing an additional 288,771 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Power Integrations during the 3rd quarter valued at about $708,000. Aquatic Capital Management LLC purchased a new stake in Power Integrations in the third quarter valued at about $348,000. Schonfeld Strategic Advisors LLC raised its stake in Power Integrations by 145.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 41,533 shares of the semiconductor company’s stock valued at $1,670,000 after buying an additional 24,643 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in Power Integrations by 82.9% in the third quarter. Freestone Grove Partners LP now owns 12,588 shares of the semiconductor company’s stock worth $506,000 after acquiring an additional 5,704 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on POWI shares. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a research note on Friday, February 6th. Susquehanna boosted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.00.

Power Integrations Stock Performance

Power Integrations stock opened at $47.45 on Monday. The business’s 50-day simple moving average is $45.40 and its two-hundred day simple moving average is $41.45. The company has a market cap of $2.63 billion, a PE ratio of 121.67, a PEG ratio of 3.60 and a beta of 1.34. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $60.12.

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

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is 220.51%.

Insider Buying and Selling at Power Integrations

In other news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president owned 30,769 shares in the company, valued at $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Balu Balakrishnan sold 10,080 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $44.75, for a total transaction of $451,080.00. Following the transaction, the director directly owned 575,331 shares of the company’s stock, valued at approximately $25,746,062.25. This trade represents a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 41,518 shares of company stock valued at $1,920,642. 1.40% of the stock is owned by corporate insiders.

Power Integrations 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.