Headlands Technologies LLC Makes New $423,000 Investment in Power Integrations, Inc. (NASDAQ:POWI)

Headlands Technologies LLC bought a new position in Power Integrations, Inc. (NASDAQ:POWI) in the first quarter, HoldingsChannel.com reports. The fund bought 5,907 shares of the semiconductor company’s stock, valued at approximately $423,000.

A number of other large investors have also added to or reduced their stakes in POWI. Deutsche Bank AG grew its position in Power Integrations by 6.7% in the 3rd quarter. Deutsche Bank AG now owns 68,943 shares of the semiconductor company’s stock worth $5,261,000 after purchasing an additional 4,333 shares during the period. Vanguard Group Inc. grew its position in Power Integrations by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock worth $488,566,000 after purchasing an additional 81,455 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in Power Integrations in the 4th quarter worth approximately $255,000. Raymond James & Associates grew its position in Power Integrations by 15.0% in the 4th quarter. Raymond James & Associates now owns 16,130 shares of the semiconductor company’s stock worth $1,324,000 after purchasing an additional 2,100 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Power Integrations in the 4th quarter worth approximately $209,000.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $90.00 price target on shares of Power Integrations in a research note on Friday, June 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.40.

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,000 shares of Power Integrations stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total transaction of $392,500.00. Following the transaction, the chief financial officer now owns 85,198 shares in the company, valued at approximately $6,688,043. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Power Integrations news, CFO Sandeep Nayyar sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the sale, the chief financial officer now owns 85,198 shares in the company, valued at approximately $6,688,043. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Mh Matthews sold 9,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $77.17, for a total transaction of $733,115.00. Following the completion of the sale, the insider now owns 53,729 shares in the company, valued at approximately $4,146,266.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,100 shares of company stock worth $2,481,667. 1.70% of the stock is owned by corporate insiders.

Power Integrations Stock Performance

Shares of Power Integrations stock traded down $0.99 on Wednesday, hitting $77.47. 13,582 shares of the company’s stock were exchanged, compared to its average volume of 391,717. The company has a 50-day simple moving average of $74.34 and a 200-day simple moving average of $73.26. The stock has a market capitalization of $4.40 billion, a PE ratio of 85.28, a PEG ratio of 4.21 and a beta of 1.11. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $97.37.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The business had revenue of $91.69 million for the quarter, compared to analysts’ expectations of $89.98 million. On average, analysts expect that Power Integrations, Inc. will post 0.73 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Power Integrations 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.