Envestnet Asset Management Inc. Lowers Holdings in Power Integrations, Inc. $POWI

Envestnet Asset Management Inc. trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 289,179 shares of the semiconductor company’s stock after selling 12,578 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Power Integrations were worth $11,628,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Power Integrations during the third quarter valued at approximately $3,997,000. Copeland Capital Management LLC lifted its position in Power Integrations by 7.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after acquiring an additional 86,123 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its stake in Power Integrations by 8.2% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after purchasing an additional 23,354 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Power Integrations by 119.8% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock worth $3,753,000 after purchasing an additional 36,592 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Power Integrations by 173.6% in the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after purchasing an additional 268,875 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO Jennifer A. Lloyd sold 3,322 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the transaction, the chief executive officer directly owned 76,307 shares of the company’s stock, valued at approximately $3,553,616.99. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gagan Jain sold 995 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $46.50, for a total transaction of $46,267.50. Following the sale, the vice president directly owned 32,549 shares of the company’s stock, valued at approximately $1,513,528.50. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,070 shares of company stock worth $1,787,703 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on POWI. Zacks Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Finally, Susquehanna boosted their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.00.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $45.73 on Wednesday. The stock has a market cap of $2.54 billion, a PE ratio of 117.26, a price-to-earnings-growth ratio of 3.58 and a beta of 1.37. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The firm has a fifty day moving average price of $41.65 and a 200-day moving average price of $41.37.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. During the same quarter in the prior year, the firm posted $0.30 EPS. Power Integrations’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.215 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. Power Integrations’s dividend payout ratio (DPR) is 215.38%.

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.