BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $16.53 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,823 shares of the semiconductor company’s stock after acquiring an additional 23,405 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.45% of Power Integrations worth $16,531,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in POWI. Copeland Capital Management LLC raised its stake in shares of Power Integrations by 21.5% in the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after purchasing an additional 213,392 shares during the last quarter. M&G PLC bought a new stake in Power Integrations during the third quarter worth $9,820,000. D. E. Shaw & Co. Inc. raised its position in Power Integrations by 40.4% in the 2nd 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 lifted 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 acquiring an additional 112,595 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Power Integrations by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after acquiring an additional 105,034 shares during the last quarter.

Insiders Place Their Bets

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the sale, the vice president now owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $3,420,144.10. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,782 shares of company stock worth $702,135 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Up 2.0 %

NASDAQ:POWI opened at $63.68 on Friday. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68. The firm’s 50 day moving average is $62.73 and its 200 day moving average is $67.68. The stock has a market capitalization of $3.62 billion, a PE ratio of 96.49, a price-to-earnings-growth ratio of 6.76 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Research analysts predict that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 121.21%.

About Power Integrations

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.