Holocene Advisors LP Grows Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Holocene Advisors LP raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 67.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 67,368 shares of the semiconductor company's stock after acquiring an additional 27,255 shares during the period. Holocene Advisors LP owned approximately 0.12% of Power Integrations worth $4,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of POWI. GAMMA Investing LLC lifted its stake in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 150 shares during the period. Mather Group LLC. lifted its stake in Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Power Integrations during the 2nd quarter valued at about $63,000. Truvestments Capital LLC purchased a new stake in shares of Power Integrations during the 3rd quarter valued at about $87,000. Finally, Quest Partners LLC increased its position in shares of Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 240 shares during the last quarter.

Power Integrations Stock Performance

POWI traded down $1.22 during trading on Thursday, reaching $62.67. 351,591 shares of the company traded hands, compared to its average volume of 407,120. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The firm has a fifty day simple moving average of $63.63 and a 200 day simple moving average of $67.03. The company has a market cap of $3.56 billion, a P/E ratio of 96.80, a PEG ratio of 7.16 and a beta of 1.12.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is an increase 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 1.34%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations's dividend payout ratio is currently 127.27%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the sale, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % 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. Also, VP Doug Bailey sold 8,549 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company's stock, valued at approximately $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,655 shares of company stock worth $1,205,566 over the last three months. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

POWI has been the subject of several research reports. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Susquehanna reduced their price target on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research report on Thursday, November 7th. Finally, Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $78.00.

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.