Short Interest in Power Integrations, Inc. (NASDAQ:POWI) Increases By 21.2%

Power Integrations, Inc. (NASDAQ:POWI) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,000,000 shares, a growth of 21.2% from the October 15th total of 3,300,000 shares. Based on an average trading volume of 419,700 shares, the days-to-cover ratio is presently 9.5 days. Approximately 7.2% of the shares of the company are short sold.

Insider Buying and Selling

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the sale, the vice president now owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,947 shares of company stock valued at $713,190. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently made changes to their positions in POWI. Geode Capital Management LLC boosted its holdings in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after buying an additional 63,150 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after acquiring an additional 80,761 shares during the last quarter. Barclays PLC grew its holdings in Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after purchasing an additional 114,644 shares during the period. MML Investors Services LLC increased its stake in Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 207 shares in the last quarter. Finally, First National Bank of Omaha raised its holdings in Power Integrations by 1.3% in the third quarter. First National Bank of Omaha now owns 40,454 shares of the semiconductor company’s stock worth $2,594,000 after purchasing an additional 526 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, Susquehanna cut their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 3.3 %

Shares of POWI traded down $2.07 during trading hours on Friday, hitting $60.04. 350,188 shares of the stock traded hands, compared to its average volume of 414,179. The business has a fifty day moving average of $62.41 and a 200-day moving average of $67.91. The firm has a market capitalization of $3.41 billion, a PE ratio of 90.97, a price-to-earnings-growth ratio of 6.50 and a beta of 1.10. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same quarter last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities research analysts expect that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is 121.21%.

About Power Integrations

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.