Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI – Get Rating) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,260 shares of the semiconductor company’s stock after acquiring an additional 1,453 shares during the period. Vontobel Holding Ltd. owned 0.43% of Power Integrations worth $16,356,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Power Integrations by 265.4% during the third quarter. Pacer Advisors Inc. now owns 5,094 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 3,700 shares in the last quarter. Brown Advisory Inc. lifted its stake in Power Integrations by 8.3% during the second quarter. Brown Advisory Inc. now owns 528,070 shares of the semiconductor company’s stock worth $39,611,000 after purchasing an additional 40,309 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Power Integrations by 3.2% during the second quarter. Los Angeles Capital Management LLC now owns 69,410 shares of the semiconductor company’s stock worth $5,206,000 after purchasing an additional 2,137 shares in the last quarter. BTC Capital Management Inc. lifted its stake in Power Integrations by 10.9% during the third quarter. BTC Capital Management Inc. now owns 4,287 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 420 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Power Integrations by 37.7% during the second quarter. Shell Asset Management Co. now owns 3,544 shares of the semiconductor company’s stock worth $266,000 after purchasing an additional 971 shares in the last quarter. 99.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Power Integrations news, VP David Mh Matthews sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $76.64, for a total transaction of $383,200.00. Following the transaction, the vice president now owns 101,233 shares of the company’s stock, valued at $7,758,497.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 11,104 shares of company stock valued at $860,085. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of research reports. Cowen cut Power Integrations from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $90.00 to $65.00 in a research note on Thursday, November 3rd. Cowen cut Power Integrations from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $90.00 to $65.00 in a research note on Thursday, November 3rd. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, October 15th. TheStreet cut Power Integrations from an “a-” rating to a “c” rating in a research note on Friday, November 4th. Finally, Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a research note on Monday, November 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.86.

Power Integrations Price Performance

NASDAQ:POWI opened at $84.58 on Wednesday. The firm has a market capitalization of $4.84 billion, a PE ratio of 26.51 and a beta of 1.15. The business’s fifty day moving average price is $76.72 and its 200 day moving average price is $73.91. Power Integrations, Inc. has a 12 month low of $59.16 and a 12 month high of $98.92.

Power Integrations (NASDAQ:POWI – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. The company had revenue of $160.23 million for the quarter, compared to analyst estimates of $163.25 million. Power Integrations had a return on equity of 23.96% and a net margin of 27.00%. As a group, equities analysts anticipate that Power Integrations, Inc. will post 2.88 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, November 29th. Power Integrations’s payout ratio is 22.57%.

Power Integrations Profile

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Power Integrations, Inc is engaged in the designing, development, and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use.