1,350 Shares in Power Integrations, Inc. (NASDAQ:POWI) Bought by Truvestments Capital LLC

Truvestments Capital LLC bought a new stake in Power Integrations, Inc. (NASDAQ:POWI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,350 shares of the semiconductor company’s stock, valued at approximately $87,000.

A number of other large investors have also added to or reduced their stakes in POWI. Copeland Capital Management LLC grew its position in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after buying an additional 213,392 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Power Integrations by 4.8% in the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock valued at $53,083,000 after acquiring an additional 34,400 shares in the last quarter. Congress Asset Management Co. grew its holdings in Power Integrations by 18.4% in the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after purchasing an additional 96,609 shares during the last quarter. Millennium Management LLC increased its position in shares of Power Integrations by 23.4% during the second quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock worth $41,634,000 after purchasing an additional 112,595 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Power Integrations by 2.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 567,477 shares of the semiconductor company’s stock valued at $36,387,000 after purchasing an additional 14,306 shares during the last quarter.

Insider Activity at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Power Integrations Trading Down 3.5 %

Shares of NASDAQ POWI opened at $65.66 on Wednesday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 99.49, a PEG ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68. The company has a 50 day simple moving average of $62.92 and a two-hundred day simple moving average of $67.53.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.28%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is 121.21%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

About Power Integrations

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.