Intech Investment Management LLC Purchases New Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Intech Investment Management LLC bought a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,330 shares of the semiconductor company's stock, valued at approximately $983,000.

Other hedge funds also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in Power Integrations during the first quarter worth $559,000. Tidal Investments LLC acquired a new position in Power Integrations during the first quarter worth $632,000. DekaBank Deutsche Girozentrale increased its position in Power Integrations by 7.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,622 shares of the semiconductor company's stock worth $605,000 after buying an additional 633 shares during the last quarter. GAMMA Investing LLC increased its position in Power Integrations by 69.8% during the second 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. Finally, Mather Group LLC. increased its position in Power Integrations by 22.8% during the second 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.

Wall Street Analyst Weigh In

POWI has been the topic of several analyst reports. Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, August 12th. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Northland Capmk upgraded shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Power Integrations Stock Down 1.4 %

POWI traded down $0.89 during midday trading on Thursday, reaching $64.77. 294,977 shares of the company's stock were exchanged, compared to its average volume of 408,570. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 98.14, a price-to-earnings-growth ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68. The business has a 50-day simple moving average of $63.16 and a two-hundred day simple moving average of $67.45.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $115.84 million during the quarter, compared to analysts' expectations of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. This is a boost from Power Integrations's previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.30%. Power Integrations's dividend payout ratio (DPR) is currently 127.27%.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 8,549 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company's stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

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.