19,313 Shares in Power Integrations, Inc. (NASDAQ:POWI) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in Power Integrations, Inc. (NASDAQ:POWI) in the third quarter, Holdings Channel reports. The firm bought 19,313 shares of the semiconductor company’s stock, valued at approximately $1,238,000. Power Integrations makes up about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 4th largest position.

Several other large investors also recently added to or reduced their stakes in POWI. Vanguard Group Inc. lifted its stake in Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after purchasing an additional 105,034 shares in the last quarter. Capital International Investors increased its stake in Power Integrations by 6.5% in the 1st quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after purchasing an additional 80,775 shares during the period. Copeland Capital Management LLC raised its holdings in Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after buying an additional 213,392 shares during the last quarter. Ceredex Value Advisors LLC raised its stake in shares of Power Integrations by 4.8% during the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock valued at $53,083,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Power Integrations by 23.4% in the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock worth $41,634,000 after buying an additional 112,595 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Wednesday, September 11th. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, August 12th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, TD Cowen dropped their price target 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded up $0.90 during mid-day trading on Monday, reaching $63.85. 11,218 shares of the company traded hands, compared to its average volume of 403,906. The company’s 50 day moving average price is $62.61 and its 200-day moving average price is $68.17. The firm has a market cap of $3.62 billion, a PE ratio of 68.42, a PEG ratio of 5.01 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.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. During the same quarter in the prior year, the firm posted $0.27 EPS. Power Integrations’s quarterly revenue was down 13.8% compared to the same quarter last year. On average, research analysts predict that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced 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 dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio is currently 86.96%.

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 that occurred 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 completion of the transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

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.