Power Integrations Inc (POWI) Holdings Decreased by Grandeur Peak Global Advisors LLC

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Grandeur Peak Global Advisors LLC lowered its holdings in Power Integrations Inc (NASDAQ:POWI) by 0.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 355,140 shares of the semiconductor company’s stock after selling 3,375 shares during the quarter. Power Integrations accounts for approximately 2.7% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Grandeur Peak Global Advisors LLC’s holdings in Power Integrations were worth $25,943,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in POWI. Wells Fargo & Company MN raised its holdings in shares of Power Integrations by 6.6% in the 1st quarter. Wells Fargo & Company MN now owns 139,999 shares of the semiconductor company’s stock valued at $9,569,000 after acquiring an additional 8,634 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Power Integrations by 16.4% in the 1st quarter. Rhumbline Advisers now owns 79,892 shares of the semiconductor company’s stock valued at $5,461,000 after acquiring an additional 11,252 shares in the last quarter. Comerica Bank raised its holdings in shares of Power Integrations by 3.0% in the 1st quarter. Comerica Bank now owns 31,818 shares of the semiconductor company’s stock valued at $2,221,000 after acquiring an additional 927 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Power Integrations by 25.0% in the 1st quarter. SG Americas Securities LLC now owns 8,924 shares of the semiconductor company’s stock valued at $610,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Power Integrations by 0.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,705 shares of the semiconductor company’s stock valued at $8,797,000 after acquiring an additional 760 shares in the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ POWI opened at $71.05 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 31.16 and a beta of 0.90. Power Integrations Inc has a 1-year low of $60.55 and a 1-year high of $86.60.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $109.48 million for the quarter, compared to analysts’ expectations of $109.33 million. Power Integrations had a net margin of 6.76% and a return on equity of 13.07%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. research analysts anticipate that Power Integrations Inc will post 2.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. Power Integrations’s dividend payout ratio is 28.07%.

Several analysts have weighed in on POWI shares. TheStreet raised Power Integrations from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. BidaskClub raised Power Integrations from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Loop Capital started coverage on Power Integrations in a report on Thursday, June 21st. They issued a “buy” rating and a $89.00 price target on the stock. ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a report on Thursday, June 14th. Finally, Zacks Investment Research cut Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $84.20.

In other Power Integrations news, Director Balakrishnan S. Iyer sold 5,500 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $73.51, for a total value of $404,305.00. Following the transaction, the director now directly owns 20,240 shares of the company’s stock, valued at approximately $1,487,842.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicholas Brathwaite sold 4,166 shares of Power Integrations stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $80.00, for a total value of $333,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,980 shares of company stock worth $1,197,456. 4.00% of the stock is currently owned by insiders.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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