Quadrant Capital Group LLC Acquires 385 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Quadrant Capital Group LLC raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 133.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674 shares of the semiconductor company’s stock after purchasing an additional 385 shares during the quarter. Quadrant Capital Group LLC’s holdings in Power Integrations were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Power Integrations in the 4th quarter worth about $19,663,000. JPMorgan Chase & Co. raised its position in Power Integrations by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after acquiring an additional 178,896 shares during the period. Raymond James Financial Inc. purchased a new position in Power Integrations in the fourth quarter valued at about $7,470,000. Barclays PLC grew its position in shares of 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 during the period. Finally, Vanguard Group Inc. increased its stake in shares of Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after purchasing an additional 114,047 shares during the last quarter.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Clifford Walker sold 1,088 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now owns 141,765 shares of the company’s stock, valued at approximately $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,105 shares of company stock valued at $3,075,198. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on POWI shares. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Up 1.1 %

Power Integrations stock opened at $45.09 on Friday. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 79.11, a P/E/G ratio of 4.08 and a beta of 1.32. The firm has a 50 day simple moving average of $56.09 and a 200 day simple moving average of $60.62. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

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.