Quantbot Technologies LP Buys 51,748 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Quantbot Technologies LP lifted its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 2,019.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,311 shares of the semiconductor company's stock after buying an additional 51,748 shares during the quarter. Quantbot Technologies LP owned about 0.10% of Power Integrations worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of POWI. GAMMA Investing LLC lifted its holdings in Power Integrations by 69.8% in the second 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. boosted its holdings in shares of Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock worth $62,000 after buying an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Power Integrations during the second quarter valued at approximately $63,000. Truvestments Capital LLC purchased a new stake in Power Integrations during the third quarter valued at approximately $87,000. Finally, Quest Partners LLC raised its position in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 240 shares during the period.

Power Integrations Stock Down 1.4 %

Power Integrations stock traded down $0.89 during midday trading on Thursday, reaching $64.77. 294,977 shares of the stock traded hands, compared to its average volume of 408,570. The stock has a market cap of $3.68 billion, a P/E ratio of 98.14, a PEG ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68. The stock's fifty day moving average is $63.16 and its 200-day moving average is $67.45.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to analysts' expectations of $114.83 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. Power Integrations's quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts predict that Power Integrations, Inc. will post 0.54 EPS 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. 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 yield of 1.30%. Power Integrations's dividend payout ratio is 127.27%.

Insider Activity

In other news, VP Doug Bailey sold 8,549 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on POWI shares. Benchmark reissued a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus restated a "buy" rating and issued a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.