Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 221.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,800 shares of the semiconductor company’s stock after purchasing an additional 84,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Power Integrations were worth $10,052,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of POWI. Amundi Pioneer Asset Management Inc. lifted its position in shares of Power Integrations by 8.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 55,436 shares of the semiconductor company’s stock worth $3,878,000 after buying an additional 4,442 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Power Integrations in the third quarter worth $233,000. Guggenheim Capital LLC boosted its stake in Power Integrations by 35.5% during the third quarter. Guggenheim Capital LLC now owns 9,393 shares of the semiconductor company’s stock worth $520,000 after buying an additional 2,461 shares during the period. UBS Asset Management Americas Inc. increased its position in Power Integrations by 98.4% during the third quarter. UBS Asset Management Americas Inc. now owns 56,877 shares of the semiconductor company’s stock valued at $3,151,000 after acquiring an additional 28,211 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Power Integrations by 149.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,060 shares of the semiconductor company’s stock valued at $31,803,000 after acquiring an additional 343,624 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

POWI opened at $81.36 on Thursday. The stock’s fifty day moving average is $85.15 and its two-hundred day moving average is $76.41. The company has a market capitalization of $4.91 billion, a P/E ratio of 24.18 and a beta of 0.98. Power Integrations, Inc. has a 52 week low of $43.46 and a 52 week high of $99.05.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, February 2nd. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. Power Integrations had a net margin of 44.72% and a return on equity of 8.34%. The business had revenue of $150.69 million during the quarter, compared to analyst estimates of $129.88 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Friday, February 26th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 25th. This is a boost from Power Integrations’s previous quarterly dividend of $0.11. Power Integrations’s dividend payout ratio (DPR) is 58.43%.

A number of research firms recently weighed in on POWI. Cowen increased their price objective on shares of Power Integrations from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Loop Capital raised their price target on Power Integrations from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Power Integrations from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, December 17th. Finally, Northland Securities upped their price target on shares of Power Integrations from $65.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Power Integrations has a consensus rating of “Buy” and a consensus price target of $89.00.

In other Power Integrations news, CEO Balu Balakrishnan sold 9,368 shares of the firm’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $84.84, for a total value of $794,781.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Radu Barsan sold 2,239 shares of Power Integrations stock in a transaction on Friday, February 19th. The stock was sold at an average price of $94.74, for a total transaction of $212,122.86. Following the sale, the vice president now owns 52,400 shares of the company’s stock, valued at $4,964,376. The disclosure for this sale can be found here. Insiders sold a total of 86,707 shares of company stock valued at $7,526,369 over the last quarter. 2.10% of the stock is owned by company insiders.

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 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.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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