International Assets Investment Management LLC Acquires 16,899 Shares of Power Integrations, Inc. (NASDAQ:POWI)

International Assets Investment Management LLC lifted its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6,305.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,167 shares of the semiconductor company's stock after purchasing an additional 16,899 shares during the period. International Assets Investment Management LLC's holdings in Power Integrations were worth $1,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POWI. GAMMA Investing LLC increased its holdings in shares of Power Integrations by 69.8% in the 2nd 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. Fidelis Capital Partners LLC purchased a new stake in shares of Power Integrations during the first quarter worth approximately $55,000. Mather Group LLC. lifted its stake in shares of Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock valued at $62,000 after buying an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Power Integrations in the 2nd quarter valued at about $63,000. Finally, Quest Partners LLC grew its stake in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 240 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ POWI traded up $1.10 on Tuesday, hitting $64.58. 576,437 shares of the stock were exchanged, compared to its average volume of 404,448. The firm has a market capitalization of $3.67 billion, a P/E ratio of 84.64, a P/E/G ratio of 5.05 and a beta of 1.10. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $89.68. The stock has a fifty day moving average price of $62.28 and a two-hundred day moving average price of $68.02.

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

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations's payout ratio is presently 106.67%.

Insider Buying and Selling

In other 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,398 shares of company stock valued at $157,847 over the last ninety days. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on POWI shares. Stifel Nicolaus reaffirmed a "buy" rating and issued a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Susquehanna decreased their price objective on shares of Power Integrations from $95.00 to $80.00 and set a "positive" rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price target on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Wednesday, September 11th. Finally, TD Cowen cut their price objective on Power Integrations from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of "Moderate Buy" and an average target price of $78.50.

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.