BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 23,405 Shares of Power Integrations, Inc. (NASDAQ:POWI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,823 shares of the semiconductor company's stock after buying an additional 23,405 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.45% of Power Integrations worth $16,531,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC lifted its stake in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company's stock valued at $77,401,000 after buying an additional 213,392 shares in the last quarter. M&G PLC purchased a new stake in shares of Power Integrations during the third quarter worth $9,820,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Power Integrations by 40.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company's stock worth $32,110,000 after acquiring an additional 131,735 shares during the period. Millennium Management LLC boosted its holdings in shares of Power Integrations by 23.4% in the second quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock worth $41,634,000 after acquiring an additional 112,595 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock valued at $467,119,000 after purchasing an additional 105,034 shares in the last quarter.

Insiders Place Their Bets

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the stock in a transaction 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 $5,610,920. This represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sunil Gupta sold 2,127 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were 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 owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,782 shares of company stock valued at $702,135 over the last three months. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

POWI has been the subject of several analyst reports. Susquehanna cut their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research note on Thursday, November 7th. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Benchmark restated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Finally, TD Cowen decreased their price target on shares of Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Trading Up 2.0 %

Shares of POWI traded up $1.27 during midday trading on Friday, reaching $63.68. The stock had a trading volume of 250,159 shares, compared to its average volume of 432,356. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 96.49, a price-to-earnings-growth ratio of 6.76 and a beta of 1.10. The company's 50-day moving average is $62.73 and its 200 day moving average is $67.60. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68.

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

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Power Integrations's previous quarterly dividend of $0.20. Power Integrations's dividend payout ratio (DPR) is presently 121.21%.

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.