Grandeur Peak Global Advisors buys $18.3 Million stake in Power Integrations Inc (POWI)

Power Integrations Inc (POWI) : Grandeur Peak Global Advisors scooped up 75,300 additional shares in Power Integrations Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 394,565 shares of Power Integrations Inc which is valued at $18.3 Million.Power Integrations Inc makes up approximately 3.78% of Grandeur Peak Global Advisors’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in POWI by selling 2,359 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 25,370 shares of POWI which is valued at $1.2 Million.Copeland Capital Management reduced its stake in POWI by selling 2,483 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 233,309 shares of POWI which is valued at $10.8 Million. Power Integrations Inc makes up approx 0.77% of Copeland Capital Management’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in POWI by selling 3,420 shares or 18.68% in the most recent quarter. The Hedge Fund company now holds 14,893 shares of POWI which is valued at $683,142.

Power Integrations Inc closed down -0.61 points or -1.22% at $49.31 with 73,449 shares getting traded on Wednesday. Post opening the session at $50.09, the shares hit an intraday low of $49.29 and an intraday high of $50.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Power Integrations Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $85.33 million for the quarter, compared to analysts expectations of $84.35 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Power Integrations Inc. (Power Integrations) 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. The Company’s AC-DC power conversion products are TinySwitch LinkSwitch Hiper and InnoSwitch families. Its Insulated-gate bipolar transistors (IGBT) drivers products are the SCALE and SCALE-2 product-families. The Company’s High-voltage DC-DC products are DPA-Switch family. The Company’s power supplies are used with various electronic products including mobile phones computers entertainment and networking equipment appliances utility meters industrial controls and light emitting diodes (LED) lights. It sells its products to original equipment manufacturers (OEMs) and merchant power supply manufacturers.

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