Copeland Capital Management LLC Boosts Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Copeland Capital Management LLC raised its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,207,121 shares of the semiconductor company's stock after purchasing an additional 213,392 shares during the quarter. Power Integrations accounts for 1.3% of Copeland Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. Copeland Capital Management LLC owned about 2.13% of Power Integrations worth $77,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. grew its stake in shares of Power Integrations by 40.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company's stock worth $32,110,000 after purchasing an additional 131,735 shares during the period. Millennium Management LLC lifted its position in shares of Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock valued at $41,634,000 after acquiring an additional 112,595 shares during the period. Vanguard Group Inc. lifted its position in shares of Power Integrations by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock valued at $467,119,000 after acquiring an additional 105,034 shares during the period. Capital International Investors boosted its stake in shares of Power Integrations by 6.5% during the 1st quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after acquiring an additional 80,775 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Power Integrations in the 1st quarter worth approximately $4,747,000.

Power Integrations Stock Down 1.1 %

Shares of POWI stock traded down $0.68 during mid-day trading on Tuesday, hitting $62.36. 239,990 shares of the company's stock were exchanged, compared to its average volume of 406,762. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 83.45, a PEG ratio of 5.15 and a beta of 1.10. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The stock has a 50-day simple moving average of $62.66 and a two-hundred day simple moving average of $68.38.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 10.38% and a return on equity of 4.86%. The company's quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS. As a group, analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced 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 1.28%. The ex-dividend date was Friday, August 30th. Power Integrations's payout ratio is currently 106.67%.

Insider Buying and Selling at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on POWI. Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Benchmark reaffirmed a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. Finally, Susquehanna dropped their price target on Power Integrations from $95.00 to $80.00 and set a "positive" rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.50.

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.