99,393 Shares in Power Integrations, Inc. $POWI Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 99,393 shares of the semiconductor company’s stock, valued at approximately $3,997,000.

Several other hedge funds have also bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Power Integrations by 399.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 43,098 shares of the semiconductor company’s stock valued at $1,733,000 after purchasing an additional 34,461 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Power Integrations by 56.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 9,330 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 3,362 shares in the last quarter. First National Advisers LLC grew its holdings in Power Integrations by 5.0% in the third quarter. First National Advisers LLC now owns 9,639 shares of the semiconductor company’s stock valued at $388,000 after purchasing an additional 462 shares during the period. ASR Vermogensbeheer N.V. increased its position in shares of 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 buying an additional 23,354 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Power Integrations by 42.1% during the 3rd quarter. Stephens Inc. AR now owns 6,426 shares of the semiconductor company’s stock worth $258,000 after buying an additional 1,904 shares during the period.

Power Integrations Stock Down 2.2%

NASDAQ:POWI opened at $44.49 on Monday. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $68.20. The stock’s fifty day moving average is $37.42 and its two-hundred day moving average is $42.17. The company has a market capitalization of $2.46 billion, a P/E ratio of 143.52, a P/E/G ratio of 5.17 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $118.36 million. During the same period in the previous year, the firm earned $0.40 EPS. Power Integrations’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on POWI. Benchmark lifted their price target on shares of Power Integrations from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Susquehanna raised their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Gagan Jain sold 1,033 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 17,212 shares in the company, valued at $581,765.60. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

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.