Semanteon Capital Management LP Buys Shares of 19,313 Power Integrations, Inc. (NASDAQ:POWI)

Semanteon Capital Management LP bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,313 shares of the semiconductor company's stock, valued at approximately $1,238,000. Power Integrations makes up 0.8% of Semanteon Capital Management LP's holdings, making the stock its 4th biggest position.

Other large investors also recently made changes to their positions in the company. Copeland Capital Management LLC boosted its holdings in Power Integrations by 21.5% during the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company's stock worth $77,401,000 after buying an additional 213,392 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Power Integrations by 40.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company's stock valued at $32,110,000 after purchasing an additional 131,735 shares during the period. Millennium Management LLC raised its holdings in Power Integrations by 23.4% in the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock worth $41,634,000 after acquiring an additional 112,595 shares during the period. Vanguard Group Inc. lifted its position in shares of Power Integrations by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock worth $467,119,000 after purchasing an additional 105,034 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Power Integrations by 6.5% during the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after buying an additional 80,775 shares during the last quarter.

Power Integrations Trading Up 3.0 %

POWI traded up $1.86 on Monday, reaching $64.81. The stock had a trading volume of 316,375 shares, compared to its average volume of 405,373. The firm has a 50-day moving average of $62.60 and a 200-day moving average of $68.13. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 86.41, a price-to-earnings-growth ratio of 5.06 and a beta of 1.10.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million during the quarter, compared to analysts' expectations of $105.02 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm's revenue was down 13.8% on a year-over-year basis. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. Power Integrations's dividend payout ratio (DPR) is currently 106.67%.

Analyst Upgrades and Downgrades

POWI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark reiterated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Wednesday, September 11th. Northland Capmk raised Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.50.

Insiders Place Their Bets

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the 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 completion of the sale, the vice president now owns 51,899 shares of the company's stock, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company's stock.

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.