First National Bank of Omaha Invests $2.88 Million in Power Integrations, Inc. $POWI

First National Bank of Omaha purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,396 shares of the semiconductor company’s stock, valued at approximately $2,881,000. First National Bank of Omaha owned 0.06% of Power Integrations at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in POWI. BlackRock Inc. purchased a new stake in shares of Power Integrations during the second quarter valued at about $730,559,000. Snyder Capital Management L P increased its holdings in shares of Power Integrations by 148.8% in the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD raised its position in Power Integrations by 1,885.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after buying an additional 895,857 shares during the last quarter. M&T Bank Corp boosted its holdings in Power Integrations by 3,635.7% in the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after purchasing an additional 728,517 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after acquiring an additional 595,404 shares during the period.

Insider Activity

In related news, Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director directly owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nicholas Brathwaite sold 6,655 shares of Power Integrations stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05. Following the transaction, the director owned 23,954 shares in the company, valued at $1,981,235.34. The trade was a 21.74% 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 90 days. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on POWI shares. Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Susquehanna lifted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Williams Trading set a $80.00 price objective on shares of Power Integrations in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.67.

Power Integrations Trading Down 5.7%

Shares of POWI stock opened at $58.59 on Wednesday. The company has a market capitalization of $3.27 billion, a P/E ratio of 130.20 and a beta of 1.58. The business’s 50 day moving average is $71.01 and its two-hundred day moving average is $62.99. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts predict that Power Integrations, Inc. will post 0.77 earnings per share for the current fiscal year.

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.