Montanaro Asset Management Ltd Boosts Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Montanaro Asset Management Ltd boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,050 shares of the semiconductor company's stock after purchasing an additional 8,000 shares during the quarter. Power Integrations comprises 2.3% of Montanaro Asset Management Ltd's portfolio, making the stock its 19th largest position. Montanaro Asset Management Ltd owned approximately 0.36% of Power Integrations worth $13,148,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

POWI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Friday, November 1st. TD Cowen cut 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. Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Monday, August 12th. Stifel Nicolaus restated a "buy" rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Benchmark restated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and an average 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 shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 2,398 shares of company stock worth $157,847. Company insiders own 1.70% of the company's stock.

Power Integrations Price Performance

Power Integrations stock traded up $0.93 during midday trading on Friday, reaching $66.31. 535,878 shares of the company traded hands, compared to its average volume of 361,821. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 100.47, a price-to-earnings-growth ratio of 5.33 and a beta of 1.10. The business has a 50 day moving average of $62.29 and a two-hundred day moving average of $68.05.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period last year, the firm earned $0.35 earnings per share. The company's quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.21 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.27%. 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.