Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 97.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,028 shares of the semiconductor company's stock after buying an additional 12,847 shares during the period. GSA Capital Partners LLP's holdings in Power Integrations were worth $1,669,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock valued at $467,119,000 after purchasing an additional 105,034 shares during the period. Capital International Investors lifted its stake in shares of Power Integrations by 6.5% in the 1st quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after acquiring an additional 80,775 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company's stock valued at $77,401,000 after purchasing an additional 213,392 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in shares of Power Integrations by 4.8% during the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company's stock worth $53,083,000 after buying an additional 34,400 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of Power Integrations by 18.4% during the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company's stock worth $39,875,000 after purchasing an additional 96,609 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Susquehanna dropped their price objective on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Finally, Northland Securities raised Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Price Performance

Shares of POWI stock traded down $0.65 during trading hours on Wednesday, hitting $63.33. The stock had a trading volume of 506,631 shares, compared to its average volume of 409,421. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 97.06, a PEG ratio of 6.68 and a beta of 1.10. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68. The stock's 50-day moving average price is $62.28 and its two-hundred day moving average price is $68.02.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.56 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. Power Integrations's payout ratio is 121.21%.

Insider Activity

In other news, VP Sunil Gupta sold 2,127 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares of the company's stock, valued at $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,398 shares of company stock valued at $157,847 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Power Integrations Profile

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.