CW Advisors LLC Boosts Position in Power Integrations, Inc. $POWI

Key Points

• CW Advisors LLC increased its holdings in Power Integrations by 22.7%, owning approximately 85,748 shares valued at $4.33 million.
• Power Integrations reported a quarterly earnings per share (EPS) of $0.35, exceeding expectations and showing a 9.1% revenue growth year-over-year.
• The company will distribute a quarterly dividend of $0.21, with an annualized yield of 1.8%, despite a high dividend payout ratio of 144.83%.

CW Advisors LLC grew its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 22.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,748 shares of the semiconductor company's stock after purchasing an additional 15,853 shares during the quarter. CW Advisors LLC owned approximately 0.15% of Power Integrations worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of POWI. Allworth Financial LP boosted its position in shares of Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 428 shares during the last quarter. Bayforest Capital Ltd boosted its position in shares of Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 698 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Power Integrations during the first quarter worth $42,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the fourth quarter worth $51,000.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the sale, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the sale, the vice president owned 18,812 shares in the company, valued at $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,014 shares of company stock worth $1,678,322 over the last 90 days. Company insiders own 1.40% of the company's stock.

Power Integrations Stock Down 0.7%

POWI stock traded down $0.33 during trading on Thursday, hitting $46.40. The company had a trading volume of 223,489 shares, compared to its average volume of 551,724. The firm has a market capitalization of $2.60 billion, a P/E ratio of 80.20, a PEG ratio of 3.02 and a beta of 1.31. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53. The company has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $53.00.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $115.02 million. During the same period in the prior year, the business earned $0.28 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on POWI. Susquehanna decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research note on Thursday, August 7th. Stifel Nicolaus upped their price target on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Benchmark decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Power Integrations has a consensus rating of "Buy" and an average target price of $61.67.

Power Integrations Company 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.