KBC Group NV Boosts Stake in Power Integrations, Inc. (NASDAQ:POWI)

KBC Group NV raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 32.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,782 shares of the semiconductor company’s stock after acquiring an additional 432 shares during the quarter. KBC Group NV’s holdings in Power Integrations were worth $114,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of POWI. GAMMA Investing LLC increased its position in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. boosted its stake in Power Integrations by 22.8% in 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. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations during the second quarter valued at approximately $63,000. Quest Partners LLC raised its stake in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 240 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Power Integrations by 8.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 135 shares during the last quarter.

Power Integrations Price Performance

Shares of POWI stock opened at $62.41 on Friday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 94.80, a PEG ratio of 6.55 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. The firm has a fifty day moving average price of $62.57 and a 200-day moving average price of $67.76.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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 firm had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. Power Integrations’s dividend payout ratio (DPR) is presently 121.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. TD Cowen lowered their price objective on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, November 8th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, August 12th. Three research 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 company. According to MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Activity at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of the 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 sale, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. This represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,782 shares of company stock valued at $702,135. Insiders own 1.70% of the company’s stock.

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.