Y Intercept Hong Kong Ltd acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,472 shares of the semiconductor company's stock, valued at approximately $523,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in POWI. Wellington Management Group LLP increased its holdings in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after buying an additional 476,986 shares during the period. M&G PLC purchased a new stake in Power Integrations during the third quarter worth $9,820,000. Barclays PLC boosted its position in Power Integrations by 173.4% during the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after acquiring an additional 114,644 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock valued at $135,400,000 after acquiring an additional 80,761 shares during the period. Finally, WCM Investment Management LLC raised its position in shares of Power Integrations by 37.3% in the 3rd quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company's stock worth $16,031,000 after acquiring an additional 68,502 shares in the last quarter.
Power Integrations Price Performance
NASDAQ POWI traded up $0.61 during trading on Wednesday, hitting $59.45. The company's stock had a trading volume of 578,226 shares, compared to its average volume of 518,308. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The company has a market cap of $3.38 billion, a PE ratio of 104.30, a P/E/G ratio of 4.08 and a beta of 1.11. The business's 50 day simple moving average is $61.52 and its 200-day simple moving average is $62.62.
Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. Analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.
Power Integrations Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, February 28th. Power Integrations's payout ratio is 147.37%.
Insider Buying and Selling
In related news, VP Radu Barsan sold 10,393 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the sale, the chief financial officer now owns 112,653 shares of the company's stock, valued at approximately $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock worth $2,433,105 in the last 90 days. Insiders own 1.50% of the company's stock.
Wall Street Analyst Weigh In
POWI has been the topic of a number of recent research reports. StockNews.com raised Power Integrations from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Susquehanna lowered their price target on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Finally, Benchmark reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Power Integrations has an average rating of "Moderate Buy" and an average price target of $78.00.
View Our Latest Stock Report on Power Integrations
Power Integrations Profile
(
Free Report)
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.
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