Green Alpha Advisors LLC Has $208,000 Stake in Power Integrations, Inc. (NASDAQ:POWI)

Green Alpha Advisors LLC lowered its stake in Power Integrations, Inc. (NASDAQ:POWI) by 36.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,200 shares of the semiconductor company’s stock after selling 1,280 shares during the period. Green Alpha Advisors LLC’s holdings in Power Integrations were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC raised its position in shares of Power Integrations by 59.8% in the first quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 128 shares during the period. Meeder Asset Management Inc. raised its holdings in Power Integrations by 498.9% in the 4th quarter. Meeder Asset Management Inc. now owns 1,108 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 923 shares during the period. Covestor Ltd lifted its position in Power Integrations by 179.3% during the 1st quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 554 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Power Integrations during the first quarter valued at about $85,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Power Integrations in the first quarter valued at about $90,000.

Power Integrations Price Performance

Shares of POWI stock opened at $80.06 on Friday. Power Integrations, Inc. has a one year low of $59.16 and a one year high of $99.60. The stock has a fifty day moving average price of $87.00 and a 200 day moving average price of $84.99. The stock has a market cap of $4.59 billion, a P/E ratio of 50.67 and a beta of 1.20.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $123.22 million during the quarter, compared to the consensus estimate of $122.77 million. Power Integrations had a net margin of 17.58% and a return on equity of 12.00%. Equities research analysts anticipate that Power Integrations, Inc. will post 1.17 EPS for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 30th. Power Integrations’s dividend payout ratio (DPR) is currently 48.10%.

Insider Transactions at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,514 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.25, for a total value of $464,554.50. Following the transaction, the chief financial officer now owns 88,707 shares in the company, valued at $7,473,564.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Power Integrations news, CFO Sandeep Nayyar sold 5,514 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.25, for a total transaction of $464,554.50. Following the transaction, the chief financial officer now directly owns 88,707 shares in the company, valued at approximately $7,473,564.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Mh Matthews sold 8,647 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $82.62, for a total transaction of $714,415.14. Following the sale, the insider now owns 80,686 shares of the company’s stock, valued at approximately $6,666,277.32. The disclosure for this sale can be found here. Insiders sold a total of 28,956 shares of company stock worth $2,417,724 over the last 90 days. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

POWI has been the subject of several research analyst reports. Susquehanna cut their price objective on Power Integrations from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, August 4th. StockNews.com began coverage on Power Integrations in a report on Thursday, August 17th. They set a “hold” rating for the company. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 price objective on the stock. in a research note on Monday, July 17th. Finally, Stifel Nicolaus boosted their target price on shares of Power Integrations from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.14.

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.