SG Americas Securities LLC Has $855,000 Stock Holdings in Power Integrations, Inc. $POWI

SG Americas Securities LLC raised its position in Power Integrations, Inc. (NASDAQ:POWI) by 375.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,255 shares of the semiconductor company’s stock after acquiring an additional 16,788 shares during the period. SG Americas Securities LLC’s holdings in Power Integrations were worth $855,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its holdings in Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 395 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after buying an additional 326 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 acquiring an additional 488 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Power Integrations in the 2nd quarter valued at about $40,000.

Power Integrations Trading Down 0.4%

POWI stock opened at $43.32 on Tuesday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $68.20. The business’s 50 day simple moving average is $36.65 and its 200 day simple moving average is $42.55. The firm has a market capitalization of $2.40 billion, a PE ratio of 139.74, a PEG ratio of 5.04 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The firm had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $118.36 million. During the same period in the previous year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 28th. Power Integrations’s dividend payout ratio is currently 270.97%.

Insider Transactions at Power Integrations

In other news, VP Gagan Jain sold 1,033 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $33.80, for a total transaction of $34,915.40. Following the completion of the sale, the vice president owned 17,212 shares in the company, valued at $581,765.60. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

POWI has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Benchmark boosted their price target on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.67.

About Power Integrations

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.