Power Integrations, Inc. $POWI Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Power Integrations, Inc. (NASDAQ:POWI) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,595,855 shares of the semiconductor company’s stock after purchasing an additional 239,702 shares during the quarter. Wellington Management Group LLP owned about 6.44% of Power Integrations worth $301,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Power Integrations by 180.9% during 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 1st quarter valued at approximately $3,138,000. Calamos Advisors LLC acquired a new position in Power Integrations in the first quarter valued at approximately $1,181,000. Emerald Advisers LLC acquired a new position in Power Integrations in the first quarter valued at approximately $5,941,000. Finally, Copeland Capital Management LLC grew its position in Power Integrations by 12.6% in 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

A number of equities research analysts have commented on POWI shares. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Williams Trading set a $80.00 price target on Power Integrations in a report on Thursday, August 6th. Weiss Ratings raised Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.67.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $51.51 on Monday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 114.47 and a beta of 1.58. The business has a 50-day moving average of $66.75 and a 200 day moving average of $63.44. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18.

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

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.