Ceredex Value Advisors LLC Purchases 45,900 Shares of Power Integrations, Inc. $POWI

Key Points

• Ceredex Value Advisors LLC boosted its Power Integrations stake by 23%, buying 45,900 shares to hold 245,300 shares (about 0.44% of the company) valued at roughly $9.86 million.
• Multiple institutions also increased exposure—Norges Bank opened a ~$32.9M stake, Squarepoint Ops raised its holding 843.8%, and Tributary Capital, Marshall Wace and American Century materially added shares—signaling broad institutional accumulation.
• Insiders have been net sellers (41,518 shares sold, ≈$1.92M in the last 90 days), while the company beat EPS estimates, posted slightly lower revenue, and raised its quarterly dividend to $0.215 (annualized $0.86, ~1.9% yield).

Ceredex Value Advisors LLC increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,300 shares of the semiconductor company's stock after purchasing an additional 45,900 shares during the period. Ceredex Value Advisors LLC owned approximately 0.44% of Power Integrations worth $9,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Power Integrations during the 2nd quarter worth $32,897,000. Squarepoint Ops LLC raised its stake in Power Integrations by 843.8% in the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company's stock valued at $29,065,000 after purchasing an additional 464,858 shares in the last quarter. Tributary Capital Management LLC lifted its position in Power Integrations by 91.0% during the third quarter. Tributary Capital Management LLC now owns 605,412 shares of the semiconductor company's stock worth $24,344,000 after purchasing an additional 288,493 shares during the period. Marshall Wace LLP grew its stake in Power Integrations by 173.6% during the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company's stock worth $23,687,000 after buying an additional 268,875 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Power Integrations by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company's stock valued at $52,779,000 after buying an additional 213,102 shares in the last quarter.

Insider Buying and Selling

In other Power Integrations news, VP Gagan Jain sold 3,481 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president owned 30,769 shares in the company, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer A. Lloyd sold 3,322 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the transaction, the chief executive officer owned 76,307 shares in the company, valued at $3,553,616.99. This trade represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,518 shares of company stock valued at $1,920,642 in the last ninety days. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

POWI has been the topic of several analyst reports. Benchmark reiterated a "buy" rating and set a $55.00 price target on shares of Power Integrations in a research report on Friday, February 6th. Susquehanna boosted their price objective 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. Zacks Research upgraded Power Integrations from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Power Integrations in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Power Integrations presently has an average rating of "Hold" and a consensus price target of $61.00.

Power Integrations Stock Down 4.4%

Shares of Power Integrations stock opened at $45.07 on Wednesday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 115.57, a P/E/G ratio of 3.58 and a beta of 1.34. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $60.12. The company's fifty day moving average is $44.76 and its 200 day moving average is $41.44.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The business 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%.Power Integrations's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Power Integrations's previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 27th. Power Integrations's dividend payout ratio is 220.51%.

About Power Integrations

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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