Callan Family Office LLC Takes $335,000 Position in Power Integrations, Inc. $POWI

Key Points

• Callan Family Office LLC acquired a new stake in Power Integrations, purchasing 5,984 shares valued at approximately $335,000 in the second quarter.
• Power Integrations recently reported quarterly earnings of $0.35 EPS, surpassing analysts' estimates, with a total revenue of $115.85 million, a 9.1% increase year-over-year.
• The company announced a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 1.7%, although the dividend payout ratio stands at 144.83%.

Callan Family Office LLC bought a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,984 shares of the semiconductor company's stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Power Integrations in the 1st quarter valued at approximately $1,452,000. Foresight Group Ltd Liability Partnership purchased a new position in shares of Power Integrations in the 1st quarter valued at approximately $11,271,000. SG Americas Securities LLC purchased a new position in shares of Power Integrations in the 1st quarter valued at approximately $344,000. GAMMA Investing LLC lifted its stake in shares of Power Integrations by 243.2% in the 1st quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 1,425 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in shares of Power Integrations in the 1st quarter valued at approximately $630,000.

Power Integrations Trading Up 3.8%

Shares of NASDAQ:POWI opened at $48.83 on Thursday. The stock has a fifty day simple moving average of $43.57 and a two-hundred day simple moving average of $49.03. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 84.19, a PEG ratio of 3.08 and a beta of 1.37. Power Integrations, Inc. has a 12-month low of $34.55 and a 12-month high of $69.53.

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 analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. Power Integrations's dividend payout ratio (DPR) is presently 144.83%.

Insiders Place Their Bets

In other Power Integrations news, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the sale, the vice president owned 18,812 shares of the company's stock, valued at approximately $866,292.60. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Doug Bailey sold 16,989 shares of Power Integrations stock in a transaction on Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the sale, the vice president directly owned 50,798 shares of the company's stock, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,470 shares of company stock valued at $1,697,214. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

POWI has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $55.00 target price on shares of Power Integrations in a research note on Tuesday, September 23rd. Weiss Ratings restated a "sell (d+)" rating on shares of Power Integrations in a research note on Wednesday, October 8th. Wall Street Zen cut Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Susquehanna lowered their price objective 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and an average price target of $61.67.

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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