Capital Fund Management S.A. Boosts Position in Power Integrations, Inc. $POWI

Key Points

• Capital Fund Management S.A. increased its stake in Power Integrations, Inc. by 127.2% during the first quarter, now owning 65,234 shares valued at approximately $3.29 million.
• Power Integrations reported a quarterly earnings per share (EPS) of $0.35, beating estimates, and its revenue increased by 9.1% year-over-year, reaching $115.85 million.
• The company declared a quarterly dividend of $0.21 per share, translating to an annualized yield of 1.8%, with the ex-dividend date set for August 29th.

Capital Fund Management S.A. increased its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 127.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,234 shares of the semiconductor company's stock after purchasing an additional 36,517 shares during the period. Capital Fund Management S.A. owned approximately 0.11% of Power Integrations worth $3,294,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of POWI. MetLife Investment Management LLC increased its position in Power Integrations by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 65,173 shares of the semiconductor company's stock worth $4,021,000 after purchasing an additional 4,152 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Power Integrations by 136.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the semiconductor company's stock worth $241,000 after purchasing an additional 2,250 shares during the last quarter. Pinebridge Investments L.P. increased its position in Power Integrations by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 29,126 shares of the semiconductor company's stock worth $1,797,000 after purchasing an additional 8,713 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Power Integrations by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,414 shares of the semiconductor company's stock worth $2,741,000 after purchasing an additional 5,853 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Power Integrations by 3.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 31,114 shares of the semiconductor company's stock worth $1,920,000 after purchasing an additional 1,043 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have commented on POWI shares. Stifel Nicolaus lifted their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Benchmark dropped their price objective on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Finally, Susquehanna dropped their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $61.67.

Power Integrations Stock Down 0.4%

NASDAQ:POWI traded down $0.18 during mid-day trading on Friday, reaching $45.95. The company's stock had a trading volume of 60,521 shares, compared to its average volume of 549,913. Power Integrations, Inc. has a 1 year low of $39.53 and a 1 year high of $69.53. The stock has a fifty day moving average of $51.65 and a 200-day moving average of $52.92. The firm has a market capitalization of $2.58 billion, a PE ratio of 79.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 29th. Power Integrations's dividend payout ratio is 144.83%.

Insider Activity at Power Integrations

In other news, VP Gagan Jain sold 2,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 in the company, valued at $866,292.60. This trade represents a 9.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president owned 50,798 shares in the company, valued at $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 quarter, insiders sold 36,014 shares of company stock worth $1,678,322. 1.40% of the stock is owned by corporate insiders.

Power Integrations 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.