AlphaQuest LLC Purchases 2,243 Shares of Power Integrations, Inc. $POWI

AlphaQuest LLC lifted its position in Power Integrations, Inc. (NASDAQ:POWI) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,860 shares of the semiconductor company’s stock after acquiring an additional 2,243 shares during the quarter. AlphaQuest LLC’s holdings in Power Integrations were worth $775,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 428 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Power Integrations by 364.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 488 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares in the last quarter. Bayforest Capital Ltd grew its stake in shares of Power Integrations by 54.3% in the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Power Integrations by 841.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 698 shares in the last quarter.

Insider Transactions at Power Integrations

In other news, VP Gagan Jain sold 2,036 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the sale, the vice president directly owned 18,812 shares of the company’s stock, valued at approximately $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Doug Bailey sold 16,989 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the sale, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,470 shares of company stock worth $1,697,214. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Susquehanna reduced their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a research report on Saturday. Finally, Wall Street Zen lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and an average target price of $61.67.

Power Integrations Stock Down 1.6%

NASDAQ POWI opened at $43.01 on Monday. The company has a market cap of $2.41 billion, a PE ratio of 74.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.37. Power Integrations, Inc. has a 52 week low of $34.55 and a 52 week high of $69.53. The firm’s 50-day simple moving average is $43.41 and its two-hundred day simple moving average is $48.97.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 2.0%. Power Integrations’s dividend payout ratio is 144.83%.

About Power Integrations

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.