65,655 Shares in Power Integrations, Inc. $POWI Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp opened a new position in Power Integrations, buying 65,655 shares (~$2.64M) in the most recent quarter and joining other institutions (notably Goldman Sachs and UBS) that increased their stakes.
• Company insiders have been net sellers—CEO Jennifer Lloyd and VP Gagan Jain among those who sold shares—with insiders offloading 41,831 shares (~$1.94M) in the last three months, leaving insiders with about 1.4% ownership.
• Analysts hold a consensus "Hold" rating with a $59.75 price target; the company slightly beat the quarter's EPS estimate ($0.23 vs. $0.19) while revenue was down 1.9% year-over-year, and management raised the quarterly dividend to $0.215 (1.6% yield) despite a high ~220% payout ratio.

Tudor Investment Corp ET AL acquired a new position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,655 shares of the semiconductor company's stock, valued at approximately $2,640,000. Tudor Investment Corp ET AL owned about 0.12% of Power Integrations at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of POWI. Baird Financial Group Inc. increased its position in shares of Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company's stock worth $255,000 after purchasing an additional 261 shares during the last quarter. Royal Bank of Canada increased 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 worth $3,827,000 after purchasing an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 purchasing an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Power Integrations by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company's stock worth $28,904,000 after purchasing an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Power Integrations by 15.5% in the first 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 purchasing an additional 23,389 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark increased their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, April 6th. Zacks Research upgraded shares of Power Integrations from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Northland Securities cut shares of Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Finally, Susquehanna increased their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $59.75.

Insider Buying and Selling

In related news, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer A. Lloyd sold 3,322 shares of Power Integrations stock in a transaction 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 completion of 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,831 shares of company stock worth $1,936,896. 1.40% of the stock is owned by company insiders.

Power Integrations Stock Performance

NASDAQ:POWI opened at $54.53 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of 139.82, a price-to-earnings-growth ratio of 4.14 and a beta of 1.30. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $60.12. The business has a 50 day moving average price of $48.25 and a 200-day moving average price of $42.28.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Power Integrations's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 27th. Power Integrations's payout ratio is currently 220.51%.

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.

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