Alpha DNA Investment Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, Holdings Channel reports. The fund bought 1,719 shares of the semiconductor company’s stock, valued at approximately $140,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in POWI. Norges Bank acquired a new stake in Power Integrations during the fourth quarter worth approximately $64,984,000. Polar Capital LLP grew its stake in Power Integrations by 135.5% during the third quarter. Polar Capital LLP now owns 1,102,965 shares of the semiconductor company’s stock worth $61,104,000 after purchasing an additional 634,670 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Power Integrations during the fourth quarter worth approximately $28,651,000. Charles Schwab Investment Management Inc. grew its stake in Power Integrations by 149.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,060 shares of the semiconductor company’s stock worth $31,803,000 after purchasing an additional 343,624 shares during the period. Finally, BlackRock Inc. grew its stake in Power Integrations by 3.1% during the fourth quarter. BlackRock Inc. now owns 9,579,120 shares of the semiconductor company’s stock worth $784,147,000 after purchasing an additional 292,047 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on POWI shares. Loop Capital raised their target price on Power Integrations from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Northland Securities raised their price objective on Power Integrations from $65.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, February 3rd. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, February 9th. Cowen raised their price objective on Power Integrations from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Power Integrations from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, December 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Power Integrations presently has an average rating of “Buy” and an average target price of $89.00.
POWI stock opened at $81.36 on Thursday. Power Integrations, Inc. has a twelve month low of $43.46 and a twelve month high of $99.05. The stock’s 50 day moving average is $85.15 and its 200-day moving average is $76.41. The firm has a market capitalization of $4.91 billion, a PE ratio of 24.18 and a beta of 0.98.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Tuesday, February 2nd. The semiconductor company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. Power Integrations had a return on equity of 8.34% and a net margin of 44.72%. The company had revenue of $150.69 million for the quarter, compared to analyst estimates of $129.88 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts expect that Power Integrations, Inc. will post 1.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 25th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.11. Power Integrations’s dividend payout ratio (DPR) is currently 58.43%.
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 offers 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 other consumer and industrial applications.
See Also: Do Tariffs Work?
Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI).
Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.