Short Interest in Power Integrations, Inc. (NASDAQ:POWI) Decreases By 14.8%

Power Integrations, Inc. (NASDAQ:POWI) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 4,383,038 shares, a decline of 14.8% from the January 15th total of 5,146,137 shares. Approximately 8.0% of the shares of the company are sold short. Based on an average trading volume of 922,185 shares, the days-to-cover ratio is currently 4.8 days. Based on an average trading volume of 922,185 shares, the days-to-cover ratio is currently 4.8 days. Approximately 8.0% of the shares of the company are sold short.

Insider Activity

In other Power Integrations news, CEO Jennifer A. Lloyd sold 3,322 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total transaction of $154,705.54. Following the sale, the chief executive officer owned 76,307 shares in the company, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gagan Jain sold 995 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50. Following the completion of the transaction, the vice president owned 32,549 shares of the company’s stock, valued at approximately $1,513,528.50. The trade was a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 39,070 shares of company stock valued at $1,787,703. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in shares of Power Integrations by 475.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 395 shares during the last quarter. Geneos Wealth Management Inc. raised 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 worth $32,000 after purchasing an additional 536 shares during the period. Parkside Financial Bank & Trust lifted its stake in Power Integrations by 125.9% in the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Power Integrations during the fourth quarter valued at approximately $36,000. Finally, UMB Bank n.a. boosted its position in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on POWI. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Power Integrations in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research cut shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and a consensus target price of $61.00.

Power Integrations Stock Up 1.1%

Power Integrations stock opened at $47.21 on Monday. Power Integrations has a 52-week low of $30.86 and a 52-week high of $68.20. The firm’s fifty day moving average is $41.26 and its 200 day moving average is $41.39. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 121.05, a PEG ratio of 3.58 and a beta of 1.37.

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

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, February 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is currently 215.38%.

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.