GSA Capital Partners LLP Makes New $1.07 Million Investment in Power Integrations, Inc. $POWI

GSA Capital Partners LLP bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 30,174 shares of the semiconductor company’s stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. M&T Bank Corp increased its stake in Power Integrations by 3,635.7% during the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after acquiring an additional 728,517 shares during the last quarter. Wellington Management Group LLP increased its stake in Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after acquiring an additional 595,404 shares during the last quarter. Squarepoint Ops LLC increased its stake in Power Integrations by 843.8% during the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock worth $29,065,000 after acquiring an additional 464,858 shares during the last quarter. Vanguard Group Inc. increased its stake in Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after acquiring an additional 409,643 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Power Integrations by 66.5% during the third quarter. Bank of America Corp DE now owns 723,281 shares of the semiconductor company’s stock worth $29,083,000 after acquiring an additional 288,771 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on POWI shares. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Stifel Nicolaus raised their target price on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Benchmark raised their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Susquehanna raised their price target on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.50.

Insiders Place Their Bets

In related news, Director Nicholas Brathwaite sold 6,895 shares of Power Integrations stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the transaction, the director directly owned 30,609 shares in the company, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the transaction, the vice president owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,689 shares of company stock valued at $683,375. 1.40% of the stock is currently owned by company insiders.

Power Integrations Stock Up 2.0%

POWI opened at $70.51 on Friday. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $81.59. The business has a fifty day simple moving average of $59.73 and a 200-day simple moving average of $47.34. The firm has a market cap of $3.93 billion, a P/E ratio of 235.04, a P/E/G ratio of 4.21 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same period last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Power Integrations, Inc. will post 0.64 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.