Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 6.1% during the 3rd quarter, Holdings Channel reports. The firm owned 24,921 shares of the semiconductor company’s stock after buying an additional 1,428 shares during the period. Townsquare Capital LLC’s holdings in Power Integrations were worth $1,598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Power Integrations in the 2nd quarter valued at about $63,000. Truvestments Capital LLC acquired a new position in shares of Power Integrations during the third quarter worth about $87,000. Finally, Quest Partners LLC increased its stake in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying an additional 240 shares during the period.

Power Integrations Trading Up 1.1 %

POWI stock opened at $65.51 on Monday. The company has a market capitalization of $3.73 billion, a P/E ratio of 99.26, a PEG ratio of 7.09 and a beta of 1.10. The business has a 50 day simple moving average of $63.34 and a 200-day simple moving average of $67.28. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter in the prior year, the business earned $0.35 EPS. Power Integrations’s quarterly revenue was down 7.7% compared to the same quarter last year. Research analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 121.21%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,655 shares of company stock valued at $1,205,566 over the last quarter. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent research reports. TD Cowen lowered their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Company Profile

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.