Power Integrations, Inc. (NASDAQ:POWI) Holdings Raised by AlphaQuest LLC

AlphaQuest LLC grew its position in Power Integrations, Inc. (NASDAQ:POWI) by 155.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,486 shares of the semiconductor company’s stock after buying an additional 2,122 shares during the period. AlphaQuest LLC’s holdings in Power Integrations were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its position in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. boosted its position in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC acquired a new position in Power Integrations during the 3rd quarter valued at approximately $87,000. Finally, KBC Group NV boosted its position in Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on POWI. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares of the company’s stock, valued at $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares in the company, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock valued at $2,433,105 over the last three months. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Up 2.1 %

Shares of Power Integrations stock opened at $57.25 on Monday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 100.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business has a fifty day simple moving average of $60.90 and a 200-day simple moving average of $62.21. Power Integrations, Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 net margin of 7.69% and a return on equity of 4.48%. Analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.47%. Power Integrations’s dividend payout ratio (DPR) is 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.