B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Power Integrations, Inc. (NASDAQ:POWI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,955 shares of the semiconductor company's stock, valued at approximately $2,754,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.08% of Power Integrations as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. KBC Group NV increased its holdings in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 432 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Power Integrations by 6.3% in the third quarter. Victory Capital Management Inc. now owns 12,589 shares of the semiconductor company's stock worth $807,000 after buying an additional 744 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Power Integrations by 97.5% in the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company's stock worth $1,669,000 after buying an additional 12,847 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Power Integrations by 37.3% in the third quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company's stock worth $16,031,000 after buying an additional 68,502 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Power Integrations by 20.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,869 shares of the semiconductor company's stock worth $1,915,000 after buying an additional 5,097 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on POWI. StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus reiterated a "buy" rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Northland Capmk upgraded Power Integrations from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Power Integrations presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the transaction, the vice president now owns 86,375 shares of the company's stock, valued at approximately $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,782 shares of company stock valued at $702,135 over the last quarter. 1.70% of the stock is owned by insiders.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded up $1.27 during midday trading on Friday, hitting $63.68. The company had a trading volume of 250,159 shares, compared to its average volume of 406,951. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 95.89, a price-to-earnings-growth ratio of 6.55 and a beta of 1.10. The business's 50-day simple moving average is $62.65 and its 200-day simple moving average is $67.72.

Power Integrations (NASDAQ:POWI - Get Free Report) 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. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to analysts' expectations of $114.83 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently announced 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 of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.32%. Power Integrations's dividend payout ratio (DPR) is 127.27%.

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 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.