WCM Investment Management LLC Grows Position in Power Integrations, Inc. (NASDAQ:POWI)

WCM Investment Management LLC grew its stake in Power Integrations, Inc. (NASDAQ:POWI) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,184 shares of the semiconductor company’s stock after purchasing an additional 68,502 shares during the period. WCM Investment Management LLC’s holdings in Power Integrations were worth $16,031,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of POWI. GAMMA Investing LLC boosted its position in Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. boosted its position in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Power Integrations in the 2nd quarter worth approximately $63,000. Quest Partners LLC boosted its position in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares in the last quarter. Finally, Covestor Ltd boosted its position in Power Integrations by 16.3% in the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 222 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on POWI shares. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen decreased their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Performance

NASDAQ POWI opened at $65.06 on Tuesday. The business has a fifty day moving average price of $62.24 and a 200 day moving average price of $68.04. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68. The company has a market cap of $3.70 billion, a P/E ratio of 98.58, a P/E/G ratio of 5.33 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared 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 represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is presently 121.21%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 2,398 shares of company stock worth $157,847. 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.