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Aug 04, 2023

American Century Companies Inc. Boosts Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

American Century Companies Inc. increased its position in shares of Power

American Century Companies Inc. increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Get Rating) by 50.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,421 shares of the semiconductor company's stock after buying an additional 125,358 shares during the period. American Century Companies Inc. owned 0.65% of Power Integrations worth $26,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. UMB Bank n.a. lifted its stake in shares of Power Integrations by 204.5% in the fourth quarter. UMB Bank n.a. now owns 609 shares of the semiconductor company's stock worth $44,000 after buying an additional 409 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Power Integrations by 39.3% in the third quarter. Quadrant Capital Group LLC now owns 712 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Power Integrations by 86.1% in the third quarter. Bessemer Group Inc. now owns 774 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 358 shares during the last quarter. Signaturefd LLC lifted its position in Power Integrations by 61.3% during the third quarter. Signaturefd LLC now owns 839 shares of the semiconductor company's stock worth $54,000 after buying an additional 319 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Power Integrations by 91.7% during the third quarter. Advisors Asset Management Inc. now owns 1,083 shares of the semiconductor company's stock worth $70,000 after buying an additional 518 shares during the last quarter. Institutional investors and hedge funds own 99.00% of the company's stock.

NASDAQ:POWI opened at $86.94 on Tuesday. Power Integrations, Inc. has a 52 week low of $59.16 and a 52 week high of $91.98. The company has a fifty day simple moving average of $80.65 and a two-hundred day simple moving average of $80.36. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 38.13 and a beta of 1.17.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.76 annualized dividend and a yield of 0.87%. Power Integrations's dividend payout ratio (DPR) is 33.33%.

POWI has been the topic of several recent research reports. Benchmark boosted their price target on shares of Power Integrations from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, February 8th. StockNews.com assumed coverage on shares of Power Integrations in a report on Thursday, May 18th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Power Integrations from $75.00 to $80.00 in a report on Friday, May 5th. Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $66.00 to $82.00 in a research report on Monday, May 1st. Finally, Cowen upped their price objective on shares of Power Integrations from $65.00 to $85.00 and gave the stock a "market perform" rating in a report on Tuesday, February 7th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.43.

In other news, VP Sunil Gupta sold 4,000 shares of the business's stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $89.73, for a total transaction of $358,920.00. Following the completion of the transaction, the vice president now directly owns 46,444 shares of the company's stock, valued at $4,167,420.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider David Mh Matthews sold 4,429 shares of the company's stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $88.55, for a total transaction of $392,187.95. Following the completion of the transaction, the insider now directly owns 89,193 shares of the company's stock, valued at approximately $7,898,040.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sunil Gupta sold 4,000 shares of the firm's stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $89.73, for a total value of $358,920.00. Following the sale, the vice president now directly owns 46,444 shares in the company, valued at approximately $4,167,420.12. The disclosure for this sale can be found here. Insiders have sold 61,820 shares of company stock valued at $5,374,798 in the last quarter. Corporate insiders own 1.70% of the company's stock.

Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Klas Eklund, Art Fury and Steven J.

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