Ensign Peak Advisors Inc Has $1.09 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Ensign Peak Advisors Inc trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,452 shares of the semiconductor company’s stock after selling 5,113 shares during the period. Ensign Peak Advisors Inc’s holdings in Power Integrations were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after buying an additional 135 shares in the last quarter. GAMMA Investing LLC grew its stake in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. US Bancorp DE grew its stake in Power Integrations by 1.1% during the fourth quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after buying an additional 161 shares in the last quarter. Mather Group LLC. grew its stake in Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after buying an additional 161 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Power Integrations by 1.2% during the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 185 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on POWI shares. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $63.57 on Friday. The company has a 50 day simple moving average of $64.16 and a 200 day simple moving average of $69.16. The firm has a market cap of $3.61 billion, a PE ratio of 69.10, a price-to-earnings-growth ratio of 4.96 and a beta of 1.10. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. As a group, research 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company 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.