Tudor Investment Corp ET AL Has $3.39 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Tudor Investment Corp ET AL decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 71.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,999 shares of the semiconductor company’s stock after selling 135,091 shares during the period. Tudor Investment Corp ET AL’s holdings in Power Integrations were worth $3,393,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Power Integrations during the 4th quarter valued at $19,663,000. Federated Hermes Inc. increased its holdings in shares of Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock worth $43,870,000 after purchasing an additional 203,309 shares during the period. JPMorgan Chase & Co. raised its position in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares during the last quarter. Snyder Capital Management L P lifted its stake in shares of Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock valued at $54,451,000 after buying an additional 160,784 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Power Integrations during the fourth quarter worth about $7,470,000.

Wall Street Analysts Forecast Growth

POWI has been the subject of several recent research reports. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price objective on shares of Power Integrations from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Three investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.83.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $51.13 on Friday. The company has a market capitalization of $2.91 billion, a PE ratio of 89.70, a P/E/G ratio of 4.08 and a beta of 1.32. The company’s fifty day moving average is $51.96 and its 200-day moving average is $59.05. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its earnings results 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, analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued 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 1.64%. Power Integrations’s dividend payout ratio is 147.37%.

Insider Buying and Selling

In other news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations 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 completion of the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the transaction, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock worth $3,075,198 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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.