Trading Report: The Mason Street Advisors LLC Invests $282,000 in Power Integrations Inc. (POWI)

The Mason Street Advisors LLC Invests $282,000 in Power Integrations Inc. (POWI)

Mason Street Advisors LLC purchased a new position in shares of Power Integrations Inc. (NASDAQ:POWI) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,631 shares of the company’s stock, valued at approximately $282,000.

A number of other institutional investors have also made changes to their positions in the stock. Profund Advisors LLC increased its position in shares of Power Integrations by 0.4% in the second quarter. Profund Advisors LLC now owns 5,905 shares of the company’s stock worth $296,000 after buying an additional 23 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Power Integrations by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $641,000 after buying an additional 100 shares during the period. Suntrust Banks Inc. increased its position in shares of Power Integrations by 2.2% in the second quarter. Suntrust Banks Inc. now owns 4,959 shares of the company’s stock worth $247,000 after buying an additional 107 shares during the period. PineBridge Investments L.P. increased its position in shares of Power Integrations by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,653 shares of the company’s stock worth $183,000 after buying an additional 144 shares during the period. Finally, First Republic Investment Management Inc. increased its position in shares of Power Integrations by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 10,145 shares of the company’s stock worth $504,000 after buying an additional 145 shares during the period. 97.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 64.05 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 42.59 and a beta of 1.13. The firm has a 50-day moving average price of $60.13 and a 200-day moving average price of $53.03. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $64.36.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $97.20 million for the quarter, compared to the consensus estimate of $91.22 million. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, analysts forecast that Power Integrations Inc. will post $2.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. Power Integrations’s payout ratio is currently 34.44%.

A number of brokerages recently issued reports on POWI. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, July 20th. Deutsche Bank AG upped their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Sidoti downgraded Power Integrations from a “buy” rating to a “neutral” rating in a report on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $60.40.

In other Power Integrations news, VP Doug Bailey sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $51.25, for a total transaction of $25,625.00. Following the completion of the sale, the vice president now owns 27,719 shares in the company, valued at approximately $1,420,598.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the chief executive officer now owns 210,730 shares of the company’s stock, valued at approximately $11,590,150. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.

About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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