Power Integrations, Inc. $POWI Stock: Robeco Schweiz AG Decreases Position

Robeco Schweiz AG lessened its stake in Power Integrations, Inc. (NASDAQ:POWI) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,288,004 shares of the semiconductor company’s stock after selling 52,400 shares during the period. Power Integrations comprises about 1.2% of Robeco Schweiz AG’s holdings, making the stock its 24th largest holding. Robeco Schweiz AG’s holdings in Power Integrations were worth $66,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Gibbs Wealth Management grew its position in Power Integrations by 111.3% during the 3rd quarter. Gibbs Wealth Management now owns 16,250 shares of the semiconductor company’s stock worth $842,000 after acquiring an additional 8,558 shares during the last quarter. Sterling Capital Management LLC lifted its position in Power Integrations by 839.1% in the third quarter. Sterling Capital Management LLC now owns 1,850 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 1,653 shares during the last quarter. Inspire Investing LLC lifted its position in Power Integrations by 52.8% in the third quarter. Inspire Investing LLC now owns 12,427 shares of the semiconductor company’s stock valued at $644,000 after purchasing an additional 4,293 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Power Integrations by 105.9% during the third quarter. Vest Financial LLC now owns 8,764 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 4,508 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Power Integrations by 2.4% during the third quarter. Nisa Investment Advisors LLC now owns 9,815 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 227 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on POWI shares. Susquehanna cut their target price on shares of Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday. Weiss Ratings raised shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Stifel Nicolaus lowered their price target on shares of Power Integrations from $80.00 to $72.00 and set a “buy” rating for the company in a report on Monday, October 5th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.83.

Power Integrations Price Performance

NASDAQ POWI opened at $46.98 on Friday. The stock has a market capitalization of $2.62 billion, a PE ratio of 104.40 and a beta of 1.54. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $91.18. The business’s 50-day moving average is $50.84 and its 200 day moving average is $63.82.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. The firm had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. During the same period last year, the company earned $0.35 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.77 earnings per share for the current year.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.