Power Integrations, Inc. $POWI Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,919 shares of the semiconductor company’s stock after acquiring an additional 1,246 shares during the quarter. Power Integrations accounts for approximately 1.6% of Tributary Capital Management LLC’s portfolio, making the stock its 26th largest holding. Tributary Capital Management LLC’s holdings in Power Integrations were worth $17,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in POWI. Allworth Financial LP boosted its holdings in Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock worth $30,000 after buying an additional 428 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Power Integrations by 364.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock worth $35,000 after buying an additional 488 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock worth $32,000 after buying an additional 222 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock worth $39,000 after buying an additional 698 shares in the last quarter.

Insider Buying and Selling at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gagan Jain sold 2,036 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the transaction, the vice president owned 18,812 shares of the company’s stock, valued at $866,292.60. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,470 shares of company stock valued at $1,697,214 over the last 90 days. Insiders own 1.40% of the company’s stock.

Power Integrations Stock Down 5.1%

Power Integrations stock opened at $42.39 on Thursday. Power Integrations, Inc. has a 52-week low of $34.55 and a 52-week high of $69.53. The firm has a fifty day moving average of $43.55 and a 200-day moving average of $48.91. The firm has a market capitalization of $2.38 billion, a P/E ratio of 73.09, a PEG ratio of 2.92 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Power Integrations’s dividend payout ratio is 144.83%.

Wall Street Analyst Weigh In

POWI has been the topic of a number of research analyst reports. Susquehanna decreased their price objective on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a report on Thursday, August 7th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

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.