Stephens Investment Management Group LLC Has $36.39 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Stephens Investment Management Group LLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 567,477 shares of the semiconductor company's stock after buying an additional 14,306 shares during the quarter. Stephens Investment Management Group LLC owned about 1.00% of Power Integrations worth $36,387,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Duality Advisers LP acquired a new position in shares of Power Integrations in the 1st quarter valued at approximately $1,261,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Power Integrations by 14.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,320 shares of the semiconductor company's stock valued at $4,316,000 after purchasing an additional 7,584 shares during the period. Capital International Investors grew its position in shares of Power Integrations by 6.5% in the 1st quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock valued at $94,227,000 after purchasing an additional 80,775 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Power Integrations by 25.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,275 shares of the semiconductor company's stock valued at $3,095,000 after purchasing an additional 8,864 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Power Integrations in the 2nd quarter valued at approximately $699,000.

Power Integrations Stock Performance

POWI traded up $2.40 during trading hours on Friday, reaching $62.83. The company's stock had a trading volume of 360,825 shares, compared to its average volume of 403,422. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68. The company's 50-day moving average is $62.44 and its 200-day moving average is $68.03. The firm has a market cap of $3.57 billion, a PE ratio of 82.84, a price-to-earnings-growth ratio of 5.07 and a beta of 1.10.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million for the quarter, compared to analysts' expectations of $105.02 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm's revenue for the quarter was down 13.8% on a year-over-year basis. Equities analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations's dividend payout ratio (DPR) is presently 106.67%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company's stock, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

POWI has been the topic of several research reports. 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 note on Monday, August 12th. Benchmark restated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. TD Cowen cut their target price on Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Susquehanna cut their target price on Power Integrations from $95.00 to $80.00 and set a "positive" rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.