61,294 Shares in Power Integrations, Inc. $POWI Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust acquired a new position in Power Integrations, Inc. (NASDAQ:POWI) during the first quarter, Holdings Channel.com reports. The firm acquired 61,294 shares of the semiconductor company’s stock, valued at approximately $3,138,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POWI. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 536 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Power Integrations during the fourth quarter worth about $36,000. UMB Bank n.a. lifted its position in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Power Integrations in the fourth quarter worth about $48,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Power Integrations by 76.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 744 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on POWI shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Benchmark increased their price target on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average target price of $76.20.

Insiders Place Their Bets

In other news, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares of the company’s stock, valued at $24,161,363.04. This trade represents a 30.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total value of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares in the company, valued at $5,854,421.02. The trade was a 18.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 334,772 shares of company stock worth $27,322,535. 1.40% of the stock is owned by insiders.

Power Integrations Stock Down 3.6%

Shares of Power Integrations stock opened at $69.44 on Tuesday. The business has a fifty day simple moving average of $77.12 and a 200-day simple moving average of $58.64. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 231.47, a price-to-earnings-growth ratio of 3.14 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the previous year, the business earned $0.31 earnings per share. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a $0.215 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.2%. Power Integrations’s payout ratio is 286.67%.

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.