Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by Barclays PLC

Barclays PLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 173.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,754 shares of the semiconductor company’s stock after acquiring an additional 114,644 shares during the period. Barclays PLC’s holdings in Power Integrations were worth $11,591,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations during the 2nd quarter valued at about $63,000. Truvestments Capital LLC acquired a new stake in shares of Power Integrations during the third quarter worth about $87,000. Quest Partners LLC boosted its stake in shares of Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares during the period. KBC Group NV grew its holdings in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Power Integrations by 8.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after buying an additional 135 shares during the period.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $64.79 on Tuesday. The stock’s 50-day simple moving average is $63.89 and its 200-day simple moving average is $66.28. The firm has a market capitalization of $3.68 billion, a PE ratio of 98.17, a price-to-earnings-growth ratio of 7.01 and a beta of 1.12. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $87.02.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is currently 127.27%.

Insiders Place Their Bets

In other news, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 18,655 shares of company stock valued at $1,205,566. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on POWI. Susquehanna decreased their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. Three 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.