Robeco Schweiz AG Trims Position in Power Integrations, Inc. $POWI

Robeco Schweiz AG decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 625,238 shares of the semiconductor company’s stock after selling 19,822 shares during the period. Robeco Schweiz AG owned about 1.11% of Power Integrations worth $25,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. grew 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 valued at $27,000 after buying an additional 395 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Power Integrations by 125.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Power Integrations by 364.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock worth $35,000 after buying an additional 488 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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 purchasing an additional 536 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Power Integrations during the second quarter valued at $40,000.

Insiders Place Their Bets

In other Power Integrations news, VP Gagan Jain sold 1,033 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $33.80, for a total transaction of $34,915.40. Following the transaction, the vice president owned 17,212 shares of the company’s stock, valued at $581,765.60. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

POWI has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $50.00 target price on shares of Power Integrations in a report on Wednesday, December 10th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $40.90 on Wednesday. The firm has a fifty day moving average of $36.15 and a 200 day moving average of $42.97. The firm has a market cap of $2.26 billion, a PE ratio of 131.94, a PEG ratio of 4.83 and a beta of 1.36. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $68.20.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $118.92 million for the quarter, compared to analyst estimates of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, equities analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, November 28th. Power Integrations’s payout ratio is 270.97%.

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.