Teachers Retirement System of The State of Kentucky Increases Position in Power Integrations, Inc. $POWI

Teachers Retirement System of The State of Kentucky increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 180.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,011 shares of the semiconductor company’s stock after acquiring an additional 23,837 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Power Integrations were worth $1,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at $36,000. UMB Bank n.a. raised its stake in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Power Integrations in the 4th quarter worth about $48,000. Finally, Global X Japan Co. Ltd. grew its position in Power Integrations by 98.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 989 shares during the period.

Insider Activity

In other Power Integrations news, VP Sunil Gupta sold 6,860 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $83.67, for a total value of $573,976.20. Following the transaction, the vice president directly owned 64,379 shares in the company, valued at $5,386,590.93. This represents a 9.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicholas Brathwaite sold 1,728 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total transaction of $149,679.36. Following the completion of the transaction, the director owned 22,226 shares in the company, valued at approximately $1,925,216.12. This trade represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 334,772 shares of company stock worth $27,322,535 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Power Integrations Stock Up 0.4%

Shares of NASDAQ:POWI opened at $71.02 on Thursday. The firm has a market capitalization of $3.96 billion, a PE ratio of 236.74, a P/E/G ratio of 3.08 and a beta of 1.57. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $91.18. The company has a 50-day moving average price of $76.85 and a two-hundred day moving average price of $59.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Power Integrations’s payout ratio is presently 286.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on POWI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Benchmark increased their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Zacks Research raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.