Copeland Capital Management LLC Boosts Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Copeland Capital Management LLC boosted its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,207,121 shares of the semiconductor company’s stock after purchasing an additional 213,392 shares during the quarter. Power Integrations comprises about 1.3% of Copeland Capital Management LLC’s holdings, making the stock its 19th biggest holding. Copeland Capital Management LLC owned 2.13% of Power Integrations worth $77,401,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its holdings in shares of Power Integrations by 40.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock valued at $32,110,000 after buying an additional 131,735 shares during the last quarter. Millennium Management LLC boosted its stake in Power Integrations by 23.4% during 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. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after purchasing an additional 105,034 shares in the last quarter. Capital International Investors raised its stake in shares of Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after purchasing an additional 80,775 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Power Integrations during the first quarter valued at $4,747,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on POWI shares. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Wednesday, September 11th. TD Cowen decreased their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, Susquehanna dropped their price target on Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Price Performance

NASDAQ:POWI opened at $63.04 on Tuesday. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 68.52, a price-to-earnings-growth ratio of 5.22 and a beta of 1.10. The business has a fifty day moving average price of $62.66 and a 200-day moving average price of $68.38. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. On average, equities research analysts expect that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Insider Buying and Selling

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

Power Integrations 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.