SG Americas Securities LLC Increases Stock Holdings in Power Integrations, Inc. $POWI

SG Americas Securities LLC boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 108.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,351 shares of the semiconductor company’s stock after purchasing an additional 23,096 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Power Integrations worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in Power Integrations in the 3rd quarter valued at about $3,997,000. Copeland Capital Management LLC lifted its holdings in shares of Power Integrations by 7.2% during the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after acquiring an additional 86,123 shares during the period. Quantbot Technologies LP boosted its position in shares of Power Integrations by 48,387.7% in the third quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock worth $5,245,000 after acquiring an additional 130,163 shares during the last quarter. ASR Vermogensbeheer N.V. grew its holdings in Power Integrations by 8.2% in the third quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after purchasing an additional 23,354 shares during the period. Finally, Marshall Wace LLP grew its holdings in Power Integrations by 173.6% in the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock valued at $23,687,000 after purchasing an additional 268,875 shares during the period.

Power Integrations Stock Performance

NASDAQ POWI opened at $51.44 on Tuesday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 131.90, a PEG ratio of 3.98 and a beta of 1.30. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $60.12. The company’s 50 day moving average price is $47.67 and its 200 day moving average price is $41.96.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Power Integrations’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a dividend of $0.215 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a yield of 1.7%. Power Integrations’s dividend payout ratio is currently 220.51%.

Insider Buying and Selling

In other Power Integrations news, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the transaction, the director owned 576,256 shares in the company, valued at approximately $27,199,283.20. This represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,831 shares of company stock valued at $1,936,896 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna boosted their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Monday. Finally, Benchmark lifted their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Power Integrations presently has an average rating of “Hold” and an average target price of $59.75.

Power Integrations Company Profile

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.