Pacer Advisors Inc. Reduces Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Pacer Advisors Inc. lessened its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 19.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,486 shares of the semiconductor company’s stock after selling 2,103 shares during the period. Pacer Advisors Inc.’s holdings in Power Integrations were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Power Integrations by 3.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,385 shares of the semiconductor company’s stock worth $606,000 after purchasing an additional 231 shares during the period. Wells Fargo & Company MN increased its holdings in Power Integrations by 6.7% in the 4th quarter. Wells Fargo & Company MN now owns 100,282 shares of the semiconductor company’s stock worth $8,234,000 after acquiring an additional 6,312 shares in the last quarter. US Bancorp DE raised its position 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 acquiring an additional 161 shares during the period. Hsbc Holdings PLC lifted its holdings in Power Integrations by 178.5% during the fourth quarter. Hsbc Holdings PLC now owns 73,837 shares of the semiconductor company’s stock valued at $6,089,000 after purchasing an additional 47,323 shares in the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Power Integrations during the fourth quarter worth about $1,299,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Wednesday, September 11th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Stock Up 0.3 %

NASDAQ:POWI opened at $63.57 on Friday. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68. The stock’s fifty day moving average is $64.16 and its two-hundred day moving average is $69.16. The company has a market capitalization of $3.61 billion, a P/E ratio of 69.10, a P/E/G ratio of 4.96 and a beta of 1.10.

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 the consensus estimate of $0.26 by $0.02. The firm had revenue of $106.20 million for 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%. Power Integrations’s revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Activity

In related news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

About Power Integrations

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.