BNP Paribas Financial Markets Has $3.67 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

BNP Paribas Financial Markets lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 89.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,165 shares of the semiconductor company's stock after buying an additional 27,016 shares during the period. BNP Paribas Financial Markets owned about 0.10% of Power Integrations worth $3,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its stake in Power Integrations by 55.6% during the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company's stock worth $2,138,000 after acquiring an additional 12,297 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Power Integrations by 97.5% in the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company's stock valued at $1,669,000 after acquiring an additional 12,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock valued at $2,684,000 after acquiring an additional 28,548 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Power Integrations during the 2nd quarter valued at $699,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Power Integrations by 10.9% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 234,418 shares of the semiconductor company's stock worth $16,454,000 after acquiring an additional 23,056 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on POWI. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research report on Thursday, November 7th. Benchmark reissued a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, November 8th. Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Finally, TD Cowen decreased their price objective on Power Integrations from $80.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Power Integrations Trading Down 1.9 %

POWI stock traded down $1.22 during midday trading on Thursday, hitting $62.67. The stock had a trading volume of 351,591 shares, compared to its average volume of 407,120. The firm has a market cap of $3.56 billion, a P/E ratio of 94.96, a price-to-earnings-growth ratio of 7.16 and a beta of 1.12. The business has a fifty day moving average price of $63.61 and a two-hundred day moving average price of $67.00. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68.

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

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is an increase 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 dividend yield of 1.34%. Power Integrations's dividend payout ratio (DPR) is 127.27%.

Insider Activity

In related news, VP Clifford Walker sold 10,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the sale, the vice president now directly owns 130,934 shares of the company's stock, valued at $8,426,912.24. The trade was a 7.10 % decrease in their position. The sale 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 company's stock in a transaction that occurred 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 directly owns 86,375 shares in the company, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,655 shares of company stock worth $1,205,566 in the last quarter. 1.70% of the stock is owned by corporate 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 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.