Power Integrations provides energy-efficient power conversion solutions that enable clean technology. They have a secular growth story in analog semiconductors as the leader in high-voltage power conversion. Their products allow for highly integrated and efficient power supplies that replace legacy discrete components. Power Integrations has a track record of growth over a decade and a half, with diversified revenue streams and strong cash generation and balance sheet. They are well positioned in key growth areas like LED lighting, mobile device charging, and higher power applications.