Y Intercept Hong Kong Ltd Buys Shares of 99,393 Power Integrations, Inc. $POWI

Y Intercept Hong Kong Ltd acquired a new position in Power Integrations, Inc. (NASDAQ:POWI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 99,393 shares of the semiconductor company’s stock, valued at approximately $3,997,000. Y Intercept Hong Kong Ltd owned 0.18% of Power Integrations at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Power Integrations in the 2nd quarter valued at $32,897,000. Squarepoint Ops LLC boosted its position in Power Integrations by 843.8% during the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock valued at $29,065,000 after purchasing an additional 464,858 shares in the last quarter. Tributary Capital Management LLC grew its stake in Power Integrations by 91.0% in the third quarter. Tributary Capital Management LLC now owns 605,412 shares of the semiconductor company’s stock valued at $24,344,000 after purchasing an additional 288,493 shares during the last quarter. Marshall Wace LLP raised its holdings in Power Integrations by 173.6% in the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after purchasing an additional 268,875 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Power Integrations by 29.1% in the second quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company’s stock worth $52,779,000 after purchasing an additional 213,102 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on POWI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark increased their price objective on Power Integrations from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Susquehanna raised their price objective on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Power Integrations Stock Performance

Shares of POWI stock opened at $44.49 on Monday. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $68.20. The firm has a market capitalization of $2.46 billion, a PE ratio of 143.52, a P/E/G ratio of 5.17 and a beta of 1.36. The stock’s 50-day simple moving average is $37.42 and its 200-day simple moving average is $42.17.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The firm had revenue of $118.92 million for the quarter, compared to analyst estimates of $118.36 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Power Integrations’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio is presently 270.97%.

Insider Activity

In related news, VP Gagan Jain sold 1,033 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $33.80, for a total transaction of $34,915.40. Following the completion of the transaction, the vice president directly owned 17,212 shares in the company, valued at $581,765.60. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Power Integrations 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.