Quantbot Technologies LP Boosts Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Quantbot Technologies LP grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 229.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,144 shares of the semiconductor company’s stock after acquiring an additional 21,000 shares during the quarter. Quantbot Technologies LP owned 0.05% of Power Integrations worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Power Integrations by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company’s stock worth $527,436,000 after buying an additional 21,139 shares during the last quarter. Wellington Management Group LLP raised its stake in Power Integrations by 5.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after acquiring an additional 123,988 shares during the period. Capital International Investors raised its stake in Power Integrations by 46.2% in the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after acquiring an additional 390,373 shares during the period. Boston Trust Walden Corp raised its stake in Power Integrations by 0.5% in the 4th quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company’s stock valued at $65,118,000 after acquiring an additional 3,784 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Power Integrations by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,948 shares of the semiconductor company’s stock valued at $59,115,000 after acquiring an additional 10,740 shares during the period.

Power Integrations Trading Up 1.2 %

Shares of NASDAQ POWI traded up $0.89 during midday trading on Friday, hitting $75.14. 308,726 shares of the company’s stock were exchanged, compared to its average volume of 392,851. Power Integrations, Inc. has a 12-month low of $62.13 and a 12-month high of $99.60. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 81.67, a PEG ratio of 4.01 and a beta of 1.11. The business’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $73.49.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. Equities analysts expect that Power Integrations, Inc. will post 0.73 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, May 31st. Power Integrations’s dividend payout ratio is currently 86.96%.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $90.00 price objective on shares of Power Integrations in a research note on Friday, June 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.40.

Insiders Place Their Bets

In other news, VP Radu Barsan sold 1,837 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $76.56, for a total transaction of $140,640.72. Following the completion of the sale, the vice president now owns 40,945 shares of the company’s stock, valued at $3,134,749.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Radu Barsan sold 1,837 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $76.56, for a total transaction of $140,640.72. Following the completion of the sale, the vice president now owns 40,945 shares of the company’s stock, valued at $3,134,749.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 4,839 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $77.25, for a total value of $373,812.75. Following the sale, the chief financial officer now directly owns 90,198 shares of the company’s stock, valued at approximately $6,967,795.50. The disclosure for this sale can be found here. Insiders sold a total of 32,100 shares of company stock valued at $2,481,667 over the last quarter. 1.70% of the stock is owned by corporate insiders.

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.