AXQ Capital LP Buys Shares of 13,532 Power Integrations, Inc. $POWI

AXQ Capital LP purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,532 shares of the semiconductor company’s stock, valued at approximately $544,000.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. raised its stake in shares of Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 261 shares in the last quarter. Royal Bank of Canada raised its position in shares of Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after buying an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after buying an additional 74,107 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Power Integrations by 15.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after buying an additional 23,389 shares during the period.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Power Integrations

In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the sale, the chief executive officer directly owned 76,307 shares in the company, valued at approximately $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Balu Balakrishnan sold 10,080 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $44.75, for a total value of $451,080.00. Following the transaction, the director owned 575,331 shares of the company’s stock, valued at $25,746,062.25. This trade represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,037 shares of company stock worth $1,752,788. 1.40% of the stock is currently owned by company insiders.

Power Integrations Trading Up 3.3%

Shares of NASDAQ POWI opened at $47.08 on Wednesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 120.72, a PEG ratio of 3.46 and a beta of 1.37. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $65.45. The business has a fifty day simple moving average of $42.56 and a 200 day simple moving average of $41.35.

Power Integrations (NASDAQ:POWI) last posted its quarterly 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 quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. Power Integrations’s payout ratio is presently 215.38%.

Power Integrations 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.