Robeco Schweiz AG Has $54.09 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Robeco Schweiz AG decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,630 shares of the semiconductor company’s stock after selling 74,060 shares during the quarter. Robeco Schweiz AG owned 1.36% of Power Integrations worth $54,091,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Power Integrations by 8.1% in the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. US Bancorp DE boosted its stake in Power Integrations by 1.1% in the fourth quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock valued at $1,182,000 after buying an additional 161 shares in the last quarter. Mather Group LLC. grew its position in Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 161 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Power Integrations by 1.2% during the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after acquiring an additional 185 shares in the last quarter.

Power Integrations Stock Down 0.9 %

POWI opened at $58.23 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 4.66 and a beta of 1.10. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The company has a fifty day moving average of $67.28 and a 200-day moving average of $70.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was down 13.8% on a year-over-year basis. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.6 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Insider Activity

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares in the company, valued at approximately $3,420,144.10. The disclosure for this sale can be found here. Insiders sold 3,704 shares of company stock worth $255,359 in the last quarter. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on POWI. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. TD Cowen cut their price objective on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Wednesday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average target price of $78.50.

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.