WCM Investment Management LLC Grows Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

WCM Investment Management LLC raised its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 37.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,184 shares of the semiconductor company's stock after buying an additional 68,502 shares during the period. WCM Investment Management LLC owned about 0.44% of Power Integrations worth $16,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of POWI. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 150 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Power Integrations by 22.8% in the 2nd 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 during the second quarter worth about $63,000. Quest Partners LLC boosted 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 valued at $88,000 after buying an additional 240 shares during the period. Finally, Covestor Ltd boosted its position in shares of Power Integrations by 16.3% during the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company's stock worth $113,000 after acquiring an additional 222 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. 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 report on Monday, August 12th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Stock Performance

Shares of POWI stock traded down $1.08 during trading on Tuesday, hitting $63.98. The company had a trading volume of 383,933 shares, compared to its average volume of 408,972. The stock's 50-day moving average price is $62.24 and its 200 day moving average price is $68.04. The firm has a market capitalization of $3.64 billion, a P/E ratio of 98.58, a price-to-earnings-growth ratio of 5.33 and a beta of 1.10. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter last year, the firm earned $0.35 earnings per share. Power Integrations's quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.31%. This is a boost from Power Integrations's previous quarterly dividend of $0.20. Power Integrations's payout ratio is currently 121.21%.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 2,398 shares of company stock valued at $157,847. 1.70% of the stock is owned by corporate insiders.

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.