Corient Private Wealth LP Purchases New Holdings in Power Integrations, Inc. $POWI

Corient Private Wealth LP acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, HoldingsChannel.com reports. The fund acquired 12,828 shares of the semiconductor company’s stock, valued at approximately $1,074,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Power Integrations during the second quarter worth $730,559,000. Vanguard Group Inc. raised its position in shares of Power Integrations by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after buying an additional 409,643 shares during the period. State Street Corp lifted its position in Power Integrations by 18.0% during the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after buying an additional 518,284 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Power Integrations by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock valued at $86,148,000 after buying an additional 162,691 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Power Integrations during the 2nd quarter valued at $199,517,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on POWI. Stifel Nicolaus decreased their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.67.

Power Integrations Stock Performance

POWI opened at $50.45 on Friday. The firm’s 50-day simple moving average is $63.52 and its 200-day simple moving average is $63.44. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $91.18. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 112.11 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 EPS 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 company had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

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.