Trexquant Investment LP Grows Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Trexquant Investment LP increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 227.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,895 shares of the semiconductor company's stock after acquiring an additional 17,981 shares during the period. Trexquant Investment LP's holdings in Power Integrations were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its position in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after buying an additional 534 shares during the period. UMB Bank n.a. grew its holdings in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 192 shares during the last quarter. KBC Group NV grew its stake in shares of Power Integrations by 43.0% in the fourth quarter. KBC Group NV now owns 2,549 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 767 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Power Integrations in the fourth quarter valued at about $210,000.

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Power Integrations Stock Performance

Shares of NASDAQ POWI traded down $0.11 during trading on Tuesday, hitting $45.88. 60,050 shares of the company traded hands, compared to its average volume of 452,570. The business's fifty day moving average is $55.76 and its 200 day moving average is $60.48. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 80.63, a P/E/G ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.83%. Power Integrations's payout ratio is 147.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on POWI. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Benchmark reissued a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 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, the company has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Buying and Selling at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares of the company's stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,105 shares of company stock valued at $3,075,198. Corporate insiders own 1.70% 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.