Capital Fund Management S.A. Buys 36,517 Shares of 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. raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 127.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,234 shares of the semiconductor company's stock after buying an additional 36,517 shares during the period. Capital Fund Management S.A. owned 0.11% of Power Integrations worth $3,294,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Power Integrations by 257.8% in the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 428 shares during the period. Bayforest Capital Ltd increased its stake in shares of Power Integrations by 54.3% in the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 222 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Power Integrations by 841.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 698 shares during the period. Global X Japan Co. Ltd. bought a new position in shares of Power Integrations in the first quarter worth about $42,000. Finally, Larson Financial Group LLC bought a new position in shares of Power Integrations in the first quarter worth about $45,000.

Insider Buying and Selling

In other news, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the transaction, the vice president owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Doug Bailey sold 16,989 shares of Power Integrations stock in a transaction that occurred 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 owned 50,798 shares of the company's stock, valued at $2,357,535.18. This trade represents a 25.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,014 shares of company stock valued at $1,678,322 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Stock Performance

NASDAQ POWI traded down $0.33 during trading on Thursday, reaching $46.40. 223,489 shares of the company traded hands, compared to its average volume of 551,724. The stock's 50 day moving average price is $51.80 and its two-hundred day moving average price is $53.00. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 80.20, a P/E/G ratio of 3.02 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $39.53 and a 1-year high of $69.53.

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, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Equities research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on POWI. Susquehanna dropped their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research note on Thursday, August 7th. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus lifted 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. Finally, Benchmark decreased their target price on Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of "Buy" and an average price target of $61.67.

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.