Quadrature Capital Ltd Raises Stake in Power Integrations, Inc. (NASDAQ:POWI)

Quadrature Capital Ltd raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 58.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,695 shares of the semiconductor company’s stock after acquiring an additional 13,594 shares during the period. Quadrature Capital Ltd owned approximately 0.06% of Power Integrations worth $2,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Power Integrations in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. raised its holdings in shares of Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Power Integrations in the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC purchased a new stake in shares of Power Integrations in the 1st quarter valued at about $55,000. Finally, Covestor Ltd raised its holdings in shares of Power Integrations by 16.3% in the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 222 shares in the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 4,839 shares of Power Integrations stock in a transaction on Monday, May 13th. The stock was sold at an average price of $77.25, for a total transaction of $373,812.75. Following the completion of the transaction, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Power Integrations news, CFO Sandeep Nayyar sold 4,839 shares of Power Integrations stock in a transaction on Monday, May 13th. The stock was sold at an average price of $77.25, for a total value of $373,812.75. Following the completion of the sale, the chief financial officer now owns 90,198 shares of the company’s stock, valued at approximately $6,967,795.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,100 shares of company stock worth $2,481,667. 1.70% of the stock is owned by insiders.

Power Integrations Trading Up 2.4 %

NASDAQ POWI traded up $1.74 on Friday, hitting $72.96. The company’s stock had a trading volume of 315,083 shares, compared to its average volume of 364,082. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $97.37. The company’s 50-day simple moving average is $73.78 and its 200 day simple moving average is $73.05. The firm has a market cap of $4.14 billion, a P/E ratio of 79.31, a PEG ratio of 4.07 and a beta of 1.11.

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

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 yield of 1.10%. The ex-dividend date of this dividend was Friday, May 31st. Power Integrations’s payout ratio is 86.96%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday, June 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.40.

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.