Vontobel Holding Ltd. Has $24.51 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Vontobel Holding Ltd. lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 382,273 shares of the semiconductor company’s stock after acquiring an additional 18,827 shares during the quarter. Vontobel Holding Ltd.’s holdings in Power Integrations were worth $24,511,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after buying an additional 161 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Power Integrations by 1.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock valued at $1,116,000 after acquiring an additional 185 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Power Integrations by 16.3% in the first quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 222 shares during the last quarter.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $63.69 on Thursday. The business has a fifty day simple moving average of $62.38 and a two-hundred day simple moving average of $68.53. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 69.23, a P/E/G ratio of 5.08 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. Power Integrations’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio is presently 86.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on POWI shares. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Monday, August 12th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Wednesday, September 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, Susquehanna lowered their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.50.

Insider Activity

In related news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.