GSA Capital Partners LLP Purchases Shares of 15,288 Power Integrations, Inc. $POWI

GSA Capital Partners LLP purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,288 shares of the semiconductor company’s stock, valued at approximately $1,281,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of POWI. Covestor Ltd increased its position in shares of Power Integrations by 13.8% during the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 251 shares during the last quarter. Baird Financial Group Inc. lifted its position in Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares during the last quarter. Cetera Investment Advisers lifted its position in Power Integrations by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after buying an additional 340 shares during the last quarter. First National Bank of Omaha boosted its stake in Power Integrations by 0.8% in the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after buying an additional 366 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in Power Integrations by 3.0% in the second quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock worth $756,000 after buying an additional 389 shares in the last quarter.

Power Integrations Stock Performance

POWI opened at $62.10 on Tuesday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18. The stock has a market capitalization of $3.47 billion, a PE ratio of 138.00 and a beta of 1.58. The stock’s 50 day moving average price is $71.33 and its 200-day moving average price is $62.91.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Research analysts forecast that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

Insider Activity

In related news, Director Nicholas Brathwaite sold 1,728 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total transaction of $149,679.36. Following the transaction, the director owned 22,226 shares in the company, valued at $1,925,216.12. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares of the company’s stock, valued at $24,161,363.04. This trade represents a 30.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 327,877 shares of company stock valued at $26,823,268. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Wednesday, August 5th. Susquehanna lifted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Needham & Company LLC lowered their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Stifel Nicolaus cut their price target on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $72.67.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.