Montanaro Asset Management Ltd Has $13.15 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Montanaro Asset Management Ltd raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,050 shares of the semiconductor company’s stock after purchasing an additional 8,000 shares during the quarter. Power Integrations accounts for approximately 2.3% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 19th biggest position. Montanaro Asset Management Ltd’s holdings in Power Integrations were worth $13,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Copeland Capital Management LLC boosted its stake in Power Integrations by 21.5% in the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after buying an additional 213,392 shares in the last quarter. M&G PLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at approximately $9,820,000. D. E. Shaw & Co. Inc. increased its position in Power Integrations by 40.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock worth $32,110,000 after purchasing an additional 131,735 shares in the last quarter. Millennium Management LLC lifted its stake in Power Integrations by 23.4% in the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock valued at $41,634,000 after purchasing an additional 112,595 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after buying an additional 105,034 shares in the last quarter.

Power Integrations Price Performance

Power Integrations stock opened at $66.31 on Friday. The stock’s 50 day moving average is $62.29 and its 200 day moving average is $68.05. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68. The firm has a market cap of $3.77 billion, a P/E ratio of 100.47, a P/E/G ratio of 5.34 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.15%. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts anticipate that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.27%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is 127.27%.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 2,398 shares of company stock worth $157,847. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

POWI has been the subject of several research analyst reports. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.