8,424 Shares in Power Integrations, Inc. $POWI Purchased by State of Wyoming

State of Wyoming acquired a new position in Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,424 shares of the semiconductor company’s stock, valued at approximately $706,000.

A number of other institutional investors have also added to or reduced their stakes in POWI. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Power Integrations by 180.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock worth $1,895,000 after buying an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Power Integrations during the first quarter valued at approximately $3,138,000. Calamos Advisors LLC purchased a new stake in shares of Power Integrations during the first quarter valued at approximately $1,181,000. Emerald Advisers LLC bought a new stake in Power Integrations during the first quarter worth $5,941,000. Finally, Copeland Capital Management LLC lifted its holdings in Power Integrations by 12.6% during the first quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock worth $67,676,000 after acquiring an additional 147,882 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Wednesday, August 5th. Williams Trading set a $80.00 price target on shares of Power Integrations in a report on Thursday, August 6th. Finally, Stifel Nicolaus reduced their price target on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $72.67.

Power Integrations Stock Performance

NASDAQ:POWI opened at $62.75 on Monday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18. The firm’s 50 day moving average is $71.62 and its 200 day moving average is $62.80. The stock has a market capitalization of $3.51 billion, a PE ratio of 139.45 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The business had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. During the same period in the prior year, the company earned $0.35 earnings per share. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. Research analysts predict that Power Integrations, Inc. will post 0.77 earnings per share for the current year.

Insider Activity

In related news, VP Sunil Gupta sold 15,894 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the sale, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. The trade was a 18.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares in the company, valued at $24,161,363.04. This represents a 30.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 327,877 shares of company stock valued at $26,823,268 in the last 90 days. Insiders own 1.20% of the company’s stock.

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.