Power Integrations, Inc. (NASDAQ:POWI) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 2,019.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,311 shares of the semiconductor company’s stock after purchasing an additional 51,748 shares during the quarter. Quantbot Technologies LP owned about 0.10% of Power Integrations worth $3,482,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in shares of Power Integrations in the 1st quarter valued at $559,000. Tidal Investments LLC acquired a new position in Power Integrations in the first quarter valued at $632,000. DekaBank Deutsche Girozentrale increased its position in shares of Power Integrations by 7.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,622 shares of the semiconductor company’s stock worth $605,000 after purchasing an additional 633 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on POWI shares. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Trading Down 1.4 %

Shares of POWI opened at $64.77 on Thursday. The firm has a market capitalization of $3.68 billion, a PE ratio of 98.14, a P/E/G ratio of 7.37 and a beta of 1.10. The stock’s 50 day moving average is $63.05 and its two-hundred day moving average is $67.46. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

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.