Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its position in Power Integrations, Inc. (NASDAQ:POWIFree Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591 shares of the semiconductor company’s stock after selling 228 shares during the period. Quadrant Capital Group LLC’s holdings in Power Integrations were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of POWI. JPMorgan Chase & Co. lifted its stake in shares of Power Integrations by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after purchasing an additional 154,032 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 5.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after buying an additional 123,988 shares during the period. Vanguard Group Inc. raised its holdings in shares of Power Integrations by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock valued at $488,566,000 after buying an additional 81,455 shares during the period. Rhumbline Advisers raised its holdings in shares of Power Integrations by 34.2% during the 3rd quarter. Rhumbline Advisers now owns 246,917 shares of the semiconductor company’s stock valued at $18,842,000 after buying an additional 62,900 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Power Integrations by 41.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 207,066 shares of the semiconductor company’s stock valued at $15,801,000 after buying an additional 61,137 shares during the period.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the transaction, the chief executive officer now owns 552,161 shares in the company, valued at approximately $37,883,766.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total transaction of $75,667.84. Following the completion of the transaction, the vice president now owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 9,799 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the transaction, the chief executive officer now owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,182 shares of company stock worth $2,606,350. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Benchmark raised their target price on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price on the stock in a report on Monday, February 26th. TD Cowen raised their target price on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $87.40.

View Our Latest Research Report on Power Integrations

Power Integrations Stock Up 1.3 %

POWI stock opened at $77.19 on Tuesday. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $99.60. The stock’s 50 day moving average is $70.79 and its two-hundred day moving average is $74.85. The company has a market capitalization of $4.38 billion, a PE ratio of 83.90, a P/E/G ratio of 4.25 and a beta of 1.20.

Power Integrations (NASDAQ:POWIGet Free Report) last issued 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 analyst estimates of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.74 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.04%. Power Integrations’s payout ratio is 86.96%.

About Power Integrations

(Free Report)

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.

See Also

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

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