Edgestream Partners L.P. Invests $3.39 Million in Power Integrations, Inc. (NASDAQ:POWI)

Edgestream Partners L.P. purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,857 shares of the semiconductor company's stock, valued at approximately $3,389,000. Edgestream Partners L.P. owned approximately 0.09% of Power Integrations at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 150 shares in the last quarter. Mather Group LLC. lifted its holdings in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock worth $62,000 after buying an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations in the 2nd quarter valued at about $63,000. Truvestments Capital LLC acquired a new stake in shares of Power Integrations during the third quarter valued at about $87,000. Finally, Quest Partners LLC increased its position in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 240 shares during the last quarter.

Analysts Set New Price Targets

POWI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. TD Cowen lowered 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. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a report on Thursday, November 7th. Finally, Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Stock Up 2.5 %

POWI stock traded up $1.62 during trading on Monday, reaching $67.13. 303,040 shares of the company's stock were exchanged, compared to its average volume of 407,328. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The firm has a market cap of $3.82 billion, a PE ratio of 99.47, a P/E/G ratio of 7.09 and a beta of 1.10. The company's fifty day moving average price is $63.34 and its 200-day moving average price is $67.20.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results 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. The firm had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, November 29th. This is a boost from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. Power Integrations's dividend payout ratio (DPR) is 121.21%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 10,000 shares of the company's stock in a transaction on 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 owns 130,934 shares of the company's stock, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the vice president now directly 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. In the last 90 days, insiders have sold 18,655 shares of company stock valued at $1,205,566. Corporate insiders own 1.70% of the company's stock.

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.