Power Integrations, Inc. (NASDAQ:POWI) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 382,273 shares of the semiconductor company's stock after purchasing an additional 18,827 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.67% of Power Integrations worth $24,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. acquired a new position in Power Integrations in the first quarter valued at $51,000. Fidelis Capital Partners LLC acquired a new position in Power Integrations in the first quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Power Integrations in the second quarter valued at $63,000. Finally, Quest Partners LLC increased its stake in Power Integrations by 23.5% in the second 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.

Insider Activity at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares of the company's stock, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. TD Cowen lowered their price target on Power Integrations from $80.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus reissued a "buy" rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. StockNews.com downgraded Power Integrations from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Finally, Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.50.

Power Integrations Stock Up 1.4 %

Shares of NASDAQ POWI traded up $0.87 on Thursday, hitting $64.56. The company had a trading volume of 334,406 shares, compared to its average volume of 409,432. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The business has a 50 day moving average of $62.46 and a two-hundred day moving average of $68.50. The firm has a market capitalization of $3.66 billion, a P/E ratio of 70.17, a PEG ratio of 5.08 and a beta of 1.10.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The company's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, August 30th. Power Integrations's dividend payout ratio is currently 86.96%.

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.