19,004 Shares in Power Integrations, Inc. $POWI Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC acquired 19,004 shares of Power Integrations, valued at approximately $960,000, during the first quarter, highlighting increased interest from institutional investors in the semiconductor company.
• Insiders have sold a total of 36,014 shares worth $1,678,322 in the last three months, indicating a potential decrease in insider confidence, as they now own only 1.40% of the company's stock.
• Power Integrations recently announced a quarterly dividend of $0.21 per share, representing an annualized yield of 1.9%, despite having a high payout ratio of 144.83%.

Walleye Capital LLC acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,004 shares of the semiconductor company's stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bahl & Gaynor Inc. grew its position in shares of Power Integrations by 5.0% in the first quarter. Bahl & Gaynor Inc. now owns 43,887 shares of the semiconductor company's stock valued at $2,216,000 after purchasing an additional 2,071 shares during the last quarter. AlphaQuest LLC grew its position in shares of Power Integrations by 233.2% in the first quarter. AlphaQuest LLC now owns 11,617 shares of the semiconductor company's stock valued at $587,000 after purchasing an additional 8,131 shares during the last quarter. CW Advisors LLC grew its position in Power Integrations by 22.7% during the first quarter. CW Advisors LLC now owns 85,748 shares of the semiconductor company's stock worth $4,330,000 after buying an additional 15,853 shares in the last quarter. Capital Fund Management S.A. grew its position in Power Integrations by 127.2% during the first quarter. Capital Fund Management S.A. now owns 65,234 shares of the semiconductor company's stock worth $3,294,000 after buying an additional 36,517 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Power Integrations during the first quarter worth approximately $360,000.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 16,989 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the transaction, the vice president directly owned 50,798 shares in the company, valued at $2,357,535.18. The trade was a 25.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gagan Jain sold 2,036 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the transaction, the vice president owned 18,812 shares of the company's stock, valued at $866,292.60. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,014 shares of company stock worth $1,678,322 in the last three months. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

POWI has been the topic of a number of analyst reports. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna dropped their price target on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research note on Thursday, August 7th. Benchmark lowered their target price on Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Finally, Stifel Nicolaus raised their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $61.67.

Power Integrations Stock Performance

POWI stock opened at $45.10 on Friday. The company has a market capitalization of $2.53 billion, a P/E ratio of 77.76, a price-to-earnings-growth ratio of 2.95 and a beta of 1.31. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53. The business has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $52.79.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The firm had revenue of $115.85 million for the quarter, compared to analysts' expectations of $115.02 million. During the same quarter last year, the firm earned $0.28 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Power Integrations's payout ratio is presently 144.83%.

About Power Integrations

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.

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