Ceredex Value Advisors LLC Purchases Shares of 161,400 Power Integrations, Inc. $POWI

Ceredex Value Advisors LLC acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 161,400 shares of the semiconductor company’s stock, valued at approximately $13,519,000. Ceredex Value Advisors LLC owned approximately 0.29% of Power Integrations at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Madison Asset Management LLC purchased a new stake in shares of Power Integrations in the second quarter worth approximately $3,826,000. Lisanti Capital Growth LLC bought a new stake in Power Integrations during the second quarter worth $2,914,000. NewEdge Wealth LLC purchased a new position in Power Integrations in the second quarter worth $265,000. First National Bank of Omaha bought a new stake in Power Integrations in the second quarter worth about $2,881,000. Finally, BlackRock Inc. purchased a new position in Power Integrations in the second quarter valued at about $730,559,000.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 6,860 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $83.67, for a total transaction of $573,976.20. Following the sale, the vice president owned 64,379 shares of the company’s stock, valued at $5,386,590.93. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 273,997 shares of company stock worth $23,013,413. 1.20% of the stock is owned by corporate insiders.

Power Integrations Trading Down 1.7%

Shares of NASDAQ POWI opened at $54.84 on Friday. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 121.87 and a beta of 1.58. The firm has a 50 day moving average of $70.17 and a 200 day moving average of $63.12.

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

Analyst Upgrades and Downgrades

POWI has been the subject of several analyst reports. Williams Trading set a $80.00 price objective on shares of Power Integrations in a report on Thursday, August 6th. Stifel Nicolaus reduced their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.67.

Power Integrations Profile

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.