18,536 Shares in Power Integrations, Inc. $POWI Bought by Old West Investment Management LLC

Old West Investment Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,536 shares of the semiconductor company’s stock, valued at approximately $1,553,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in POWI. Geneos Wealth Management Inc. boosted its stake in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in Power Integrations in the 2nd quarter worth approximately $33,000. Kestra Advisory Services LLC acquired a new stake in Power Integrations in the 4th quarter worth approximately $36,000. UMB Bank n.a. boosted its position in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 453 shares during the period.

Insider Buying and Selling at Power Integrations

In other news, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $83.67, for a total transaction of $573,976.20. Following the transaction, the vice president owned 64,379 shares in the company, valued at approximately $5,386,590.93. The trade was a 9.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the transaction, the director directly owned 279,516 shares of the company’s stock, valued at $24,161,363.04. This represents a 30.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 327,877 shares of company stock valued at $26,823,268 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Power Integrations Price Performance

Shares of POWI stock opened at $62.75 on Monday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18. The firm has a market cap of $3.51 billion, a PE ratio of 139.45 and a beta of 1.58. The stock has a 50 day moving average of $71.62 and a 200-day moving average of $62.80.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $117.44 million. During the same quarter last year, the company posted $0.35 earnings per share. Power Integrations’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on POWI shares. Susquehanna increased their price target on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Wednesday, August 5th. Williams Trading set a $80.00 target price on shares of Power Integrations in a research note on Thursday, August 6th. Stifel Nicolaus dropped their target price on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.67.

Power Integrations Company 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.