Power Integrations, Inc. (NASDAQ:POWI) Shares Acquired by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,111,663 shares of the semiconductor company's stock after purchasing an additional 80,761 shares during the period. Power Integrations accounts for approximately 2.6% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 14th biggest holding. Disciplined Growth Investors Inc. MN owned 3.71% of Power Integrations worth $135,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fifth Third Bancorp raised its position in Power Integrations by 8.1% in the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 150 shares during the period. First Horizon Advisors Inc. raised its stake in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 205 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock worth $400,000 after acquiring an additional 207 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 240 shares during the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of research reports. Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Monday, August 12th. Benchmark reissued a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Northland Capmk raised Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Susquehanna cut their price objective on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Three research 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. Based on data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations Stock Down 1.3 %

Shares of POWI stock traded down $0.83 on Tuesday, hitting $65.50. The company had a trading volume of 135,783 shares, compared to its average volume of 404,950. The firm has a market cap of $3.72 billion, a P/E ratio of 100.50, a price-to-earnings-growth ratio of 6.84 and a beta of 1.12. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The company has a 50-day moving average price of $63.65 and a 200-day moving average price of $66.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. Equities research analysts expect 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. Stockholders of record on Friday, November 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. 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. Power Integrations's payout ratio is presently 127.27%.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of Power Integrations 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Doug Bailey sold 8,549 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at $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. In the last ninety days, insiders have sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is currently owned by insiders.

Power Integrations 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.