JPMorgan Chase & Co. Has $67.01 Million Holdings in Power Integrations, Inc. $POWI

JPMorgan Chase & Co. decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,666,492 shares of the semiconductor company’s stock after selling 37,527 shares during the quarter. JPMorgan Chase & Co. owned about 2.97% of Power Integrations worth $67,010,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Power Integrations by 475.9% in the 2nd 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 in the last quarter. Parkside Financial Bank & Trust increased its position in Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 326 shares during the period. Geneos Wealth Management Inc. raised its stake 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. Elevation Point Wealth Partners LLC acquired a new stake in Power Integrations in the 2nd quarter worth about $40,000. Finally, Huntington National Bank boosted its holdings in Power Integrations by 27.4% in the 2nd quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 282 shares during the period.

Analysts Set New Price Targets

POWI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna increased their price target 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 restated a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Finally, Zacks Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Power Integrations has an average rating of “Hold” and a consensus target price of $61.00.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $47.08 on Wednesday. The company’s 50 day simple moving average is $42.56 and its 200 day simple moving average is $41.35. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 120.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.37. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $65.45.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, analysts anticipate 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. Investors of record on Friday, February 27th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.8%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. Power Integrations’s payout ratio is 215.38%.

Insiders Place Their Bets

In other Power Integrations news, Director Balu Balakrishnan sold 10,080 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $44.75, for a total transaction of $451,080.00. Following the completion of the transaction, the director owned 575,331 shares of the company’s stock, valued at approximately $25,746,062.25. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gagan Jain sold 995 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50. Following the completion of the transaction, the vice president directly owned 32,549 shares of the company’s stock, valued at $1,513,528.50. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,037 shares of company stock worth $1,752,788. Insiders own 1.40% of the company’s stock.

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.