Moody Aldrich Partners LLC Buys 14,950 Shares of Power Integrations, Inc. $POWI

Moody Aldrich Partners LLC lifted its stake in Power Integrations, Inc. (NASDAQ:POWI) by 53.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,069 shares of the semiconductor company’s stock after purchasing an additional 14,950 shares during the period. Moody Aldrich Partners LLC owned 0.08% of Power Integrations worth $2,231,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Power Integrations during the second quarter valued at about $730,559,000. William Blair Investment Management LLC purchased a new stake in Power Integrations in the second quarter worth about $199,517,000. Bank of New York Mellon Corp bought a new position in shares of Power Integrations in the second quarter worth about $39,075,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Power Integrations in the second quarter worth about $34,281,000. Finally, Bank of America Corp DE bought a new position in shares of Power Integrations in the second quarter worth about $31,957,000.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $49.32 on Thursday. The company has a market capitalization of $2.76 billion, a P/E ratio of 109.60 and a beta of 1.54. The company has a fifty day moving average of $50.33 and a 200 day moving average of $58.50. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week 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. The business had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Analysts forecast that Power Integrations, Inc. will post 0.77 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on POWI shares. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Susquehanna reduced their target price on shares of Power Integrations from $85.00 to $70.00 and set a “positive” rating for the company in a report on Wednesday, October 21st. Stifel Nicolaus decreased their target price on shares of Power Integrations from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Needham & Company LLC lowered their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.83.

Power Integrations Profile

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.