Power Integrations, Inc. $POWI Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 37.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,774 shares of the semiconductor company’s stock after buying an additional 763 shares during the period. GAMMA Investing LLC’s holdings in Power Integrations were worth $155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 428 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Power Integrations by 364.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 488 shares during the period. Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the period. Bayforest Capital Ltd boosted its position in Power Integrations by 54.3% in the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 222 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Power Integrations by 841.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 698 shares during the period.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 16,989 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the transaction, the vice president directly owned 50,798 shares in the company, valued at $2,357,535.18. The trade was a 25.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gagan Jain sold 2,036 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total transaction of $93,757.80. Following the transaction, the vice president owned 18,812 shares in the company, valued at approximately $866,292.60. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,470 shares of company stock worth $1,697,214. 1.40% of the stock is currently owned by company insiders.

Power Integrations Stock Performance

NASDAQ POWI opened at $39.37 on Tuesday. The firm has a market cap of $2.21 billion, a PE ratio of 67.88, a P/E/G ratio of 2.62 and a beta of 1.38. Power Integrations, Inc. has a one year low of $39.15 and a one year high of $69.53. The firm’s fifty day moving average is $46.02 and its two-hundred day moving average is $50.22.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. Power Integrations’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Power Integrations’s payout ratio is currently 144.83%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Susquehanna decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $61.67.

About Power Integrations

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.