Riverbridge Partners LLC Has $17.21 Million Stock Holdings in Power Integrations, Inc. $POWI

Riverbridge Partners LLC decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 6.0% during the 1st quarter, Holdings Channel reports. The fund owned 336,068 shares of the semiconductor company’s stock after selling 21,526 shares during the quarter. Riverbridge Partners LLC’s holdings in Power Integrations were worth $17,207,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of POWI. Geneos Wealth Management Inc. increased its stake 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 in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Power Integrations during the fourth quarter worth $36,000. UMB Bank n.a. grew its holdings in shares of Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Power Integrations in the 4th quarter valued at $48,000. Finally, Global X Japan Co. Ltd. increased its position in shares of Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 989 shares in the last quarter.

Insider Activity

In related news, Director Nicholas Brathwaite sold 6,895 shares of Power Integrations stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the sale, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the sale, the vice president owned 71,239 shares in the company, valued at $5,854,421.02. The trade was a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 335,085 shares of company stock worth $27,338,789 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on POWI. Needham & Company LLC initiated coverage on Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research report on Monday, April 6th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.60.

Power Integrations Stock Performance

NASDAQ:POWI opened at $80.57 on Wednesday. The company has a market cap of $4.49 billion, a PE ratio of 268.58, a PEG ratio of 3.80 and a beta of 1.57. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18. The stock has a 50-day simple moving average of $74.10 and a 200 day simple moving average of $54.84.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, research analysts predict that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is currently 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.