Lisanti Capital Growth LLC Invests $2.91 Million in Power Integrations, Inc. $POWI

Lisanti Capital Growth LLC acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,790 shares of the semiconductor company’s stock, valued at approximately $2,914,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in POWI. Harbor Investment Advisory LLC acquired a new position in Power Integrations in the second quarter valued at about $33,000. Global Retirement Partners LLC acquired a new stake in Power Integrations during the 2nd quarter worth approximately $44,000. Geneos Wealth Management Inc. boosted its stake in Power Integrations by 576.3% in the 1st 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 period. EverSource Wealth Advisors LLC grew its holdings in shares of Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after buying an additional 453 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Power Integrations during the 4th quarter worth approximately $36,000.

Analyst Upgrades and Downgrades

POWI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Williams Trading set a $80.00 price objective on shares of Power Integrations in a research note on Thursday, August 6th. Finally, Stifel Nicolaus decreased their target price on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Hold” and a consensus price target of $72.67.

Power Integrations Stock Down 4.8%

Shares of NASDAQ:POWI opened at $55.79 on Thursday. The stock has a market cap of $3.12 billion, a PE ratio of 123.98 and a beta of 1.58. The company’s fifty day moving average is $70.63 and its 200 day moving average is $63.05. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $91.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. 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 business posted $0.35 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.77 EPS for the current year.

Insider Activity at Power Integrations

In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director directly owned 22,226 shares of the company’s stock, valued at $1,925,216.12. The trade was a 7.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the completion of the sale, the vice president owned 64,379 shares of the company’s stock, valued at $5,386,590.93. The trade was a 9.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 273,997 shares of company stock worth $23,013,413 in the last ninety days. 1.20% of the stock is owned by company insiders.

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.