Tactive Advisors LLC Buys Shares of 7,680 Power Integrations, Inc. $POWI

Tactive Advisors LLC bought a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the first quarter, Holdings Channel.com reports. The institutional investor bought 7,680 shares of the semiconductor company’s stock, valued at approximately $393,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Snyder Capital Management L P raised its position in Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after buying an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Power Integrations by 1,885.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after acquiring an additional 895,857 shares during the period. M&T Bank Corp grew its stake in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after acquiring an additional 728,517 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Power Integrations by 35.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after purchasing an additional 595,404 shares during the period. Finally, State Street Corp increased its holdings in shares of Power Integrations by 18.0% in the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the period.

Insiders Place Their Bets

In other news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total value of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. This represents a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 335,085 shares of company stock valued at $27,338,789 over the last three months. 1.40% of the stock is currently owned by insiders.

Power Integrations Stock Up 0.3%

NASDAQ POWI opened at $87.35 on Tuesday. The stock has a market capitalization of $4.87 billion, a PE ratio of 291.18, a price-to-earnings-growth ratio of 3.79 and a beta of 1.57. The company has a 50 day moving average price of $73.58 and a two-hundred day moving average price of $54.52. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18.

Power Integrations (NASDAQ:POWI) last announced 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. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. Power Integrations’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Power Integrations’s dividend payout ratio is currently 286.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Needham & Company LLC initiated coverage on Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Benchmark upped their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Power Integrations has a consensus rating of “Hold” and a consensus price target of $69.60.

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.