Los Angeles Capital Management LLC picks up position in Power Integrations, Inc. (NASDAQ: POWI)

Los Angeles Capital Management LLC purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,958 shares of the semiconductor company’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Power Integrations by 69.8% during the 2nd 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 . Mather Group LLC. purchased a new position in shares of Power Integrations in the first quarter worth about $51,000. Fidelis Capital Partners LLC purchased a new position in Power Integrations in the 1st quarter worth about $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations in the second quarter valued at about $63,000. Finally, Covestor Ltd boosted its holdings in Power Integrations by 16.3% in the first quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 222 shares in the last quarter.

Power integration stocks up 2.4%

NASDAQ:POWI opened at $59.65 on Friday. Power Integrations, Inc. it has a 52-week low of $56.63 and a 52-week high of $89.68. The stock has a fifty day simple moving average of $67.04 and a 200 day simple moving average of $70.10. The company has a market cap of $3.39 billion, a PE ratio of 64.84, a price-to-earnings-growth ratio of 4.66 and a beta of 1.10.

Power Integrations (NASDAQ:POWI – Get Free Report ) last announced its earnings results 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 company had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. In the same quarter last year, the business posted earnings of $0.27 per share. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.6 earnings per share for the current 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. This represents an annualized dividend of $0.80 and a yield of 1.34%. The ex-dividend date is Friday, August 30. Power Integrations’ payout ratio is 86.96%.

Insider trading at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In related news, VP Sunil Gupta sold 2,127 shares of the business’s 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 transaction, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. Also, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at $3,350,905. The disclosure for this sale can be found here. Insiders have sold a total of 3,704 shares of company stock worth $255,359 over the last three months. 1.70% of shares are currently owned by insiders.

Analysts set new price targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a 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 reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Wednesday. Finally, TD Cowen decreased their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50, based on data from MarketBeat.com.

Get the latest research report on POWI

Power Integrations profile

(Free Report)

Power Integrations, Inc designs, develops, manufactures and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuits used in high-voltage power conversion worldwide. The company offers a range of AC to DC 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, meters utility, LCD, main and standby monitors. power supplies for desktop computers and televisions, LED lighting and various other industrial and consumer applications, as well as power conversion in high-power applications, including industrial motors, solar and wind systems, electric vehicles and DC transmission systems high voltage. .

Further reading

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