Power Integrations, Inc. (NASDAQ:POWI) Stock Holdings Raised by Numerai GP LLC

Numerai GP LLC grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 32.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,230 shares of the semiconductor company’s stock after buying an additional 6,364 shares during the quarter. Numerai GP LLC’s holdings in Power Integrations were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in POWI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Power Integrations by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,219 shares of the semiconductor company’s stock worth $1,988,000 after purchasing an additional 1,215 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Power Integrations in the 4th quarter worth about $642,000. Captrust Financial Advisors lifted its position in shares of Power Integrations by 21.5% in the 4th quarter. Captrust Financial Advisors now owns 26,134 shares of the semiconductor company’s stock worth $1,612,000 after buying an additional 4,621 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Power Integrations by 18.4% in the 4th quarter. Baird Financial Group Inc. now owns 4,792 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 743 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Power Integrations by 18.5% during the 4th quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company’s stock valued at $24,749,000 after buying an additional 62,750 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on POWI shares. Stifel Nicolaus raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Finally, StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.67.

Power Integrations Stock Down 6.2%

Shares of NASDAQ:POWI opened at $55.35 on Wednesday. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The company has a market cap of $3.15 billion, a PE ratio of 97.11, a P/E/G ratio of 4.08 and a beta of 1.31. The company’s 50-day moving average price is $50.94 and its 200 day moving average price is $58.53.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The company had revenue of $105.53 million for the quarter, compared to analysts’ expectations of $105.44 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.52%. Power Integrations’s payout ratio is 129.23%.

Insider Activity

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This represents a 18.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 9,544 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the transaction, the chief executive officer now directly owns 590,580 shares of the company’s stock, valued at $30,231,790.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,954 shares of company stock valued at $1,328,862. Company insiders own 1.40% of the company’s stock.

Power Integrations Company 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.