AlphaCrest Capital Management LLC Decreases Stake in Power Integrations, Inc. (NASDAQ:POWI)

AlphaCrest Capital Management LLC reduced its stake in shares of Power Integrations, Inc. (NASDAQ:POWIGet Rating) by 57.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,085 shares of the semiconductor company’s stock after selling 8,220 shares during the period. AlphaCrest Capital Management LLC’s holdings in Power Integrations were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of POWI. Northwestern Mutual Wealth Management Co. boosted its holdings in Power Integrations by 164.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 293 shares of the semiconductor company’s stock worth $27,000 after buying an additional 182 shares during the period. Covestor Ltd purchased a new stake in Power Integrations in the 4th quarter worth approximately $29,000. Allworth Financial LP lifted its stake in Power Integrations by 89.0% in the 1st quarter. Allworth Financial LP now owns 310 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 146 shares in the last quarter. West Oak Capital LLC lifted its stake in Power Integrations by 55.6% in the 1st quarter. West Oak Capital LLC now owns 350 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 125 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Power Integrations by 46.1% in the 1st quarter. Quadrant Capital Group LLC now owns 510 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 161 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on POWI. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $90.00 to $80.00 in a research note on Wednesday, July 20th. Susquehanna lowered their price objective on shares of Power Integrations from $105.00 to $98.00 and set a “positive” rating on the stock in a research report on Friday, August 5th. Susquehanna Bancshares lowered their price objective on shares of Power Integrations from $105.00 to $98.00 and set a “positive” rating on the stock in a research report on Friday, August 5th. Benchmark lowered their price objective on shares of Power Integrations to $95.00 in a research report on Monday, August 15th. Finally, StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Friday, September 2nd.

Power Integrations Stock Up 0.4 %

Shares of NASDAQ:POWI opened at $69.32 on Wednesday. The stock has a market cap of $4.04 billion, a PE ratio of 22.51 and a beta of 1.10. The company’s fifty day moving average is $77.85 and its 200 day moving average is $82.58. Power Integrations, Inc. has a 52 week low of $65.69 and a 52 week high of $110.64.

Power Integrations (NASDAQ:POWIGet Rating) last issued its earnings results on Thursday, August 4th. The semiconductor company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The company had revenue of $183.99 million for the quarter, compared to analysts’ expectations of $190.15 million. Power Integrations had a net margin of 25.83% and a return on equity of 22.44%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 3.1 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, August 30th. Power Integrations’s payout ratio is presently 23.38%.

Insider Buying and Selling

In other Power Integrations news, VP Yang Chiah Yee sold 1,369 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $77.00, for a total value of $105,413.00. Following the sale, the vice president now owns 25,797 shares of the company’s stock, valued at approximately $1,986,369. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Power Integrations news, VP Yang Chiah Yee sold 1,369 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $77.00, for a total value of $105,413.00. Following the sale, the vice president now owns 25,797 shares of the company’s stock, valued at approximately $1,986,369. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Radu Barsan sold 21,223 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $85.00, for a total transaction of $1,803,955.00. Following the completion of the sale, the vice president now directly owns 40,881 shares in the company, valued at approximately $3,474,885. The disclosure for this sale can be found here. Insiders have sold a total of 34,554 shares of company stock worth $2,867,318 in the last 90 days. 1.60% of the stock is owned by company insiders.

Power Integrations Profile

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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.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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