Dynamic Technology Lab Private Ltd Makes New $827,000 Investment in Power Integrations, Inc. $POWI

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $827,000 in Power Integrations, purchasing 16,370 shares during the first quarter.
• Power Integrations reported a 9.1% revenue increase for the recent quarter, totaling $115.85 million, and an EPS of $0.35, exceeding estimates.
• The company announced a quarterly dividend of $0.21 per share, reflecting a 1.9% yield, with an ex-dividend date of August 29th.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,370 shares of the semiconductor company's stock, valued at approximately $827,000.

Several other hedge funds have also bought and sold shares of the business. Needham Investment Management LLC bought a new stake in Power Integrations during the first quarter worth about $252,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Power Integrations by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company's stock worth $1,701,000 after acquiring an additional 1,461 shares in the last quarter. AQR Capital Management LLC boosted its stake in Power Integrations by 22.2% during the first quarter. AQR Capital Management LLC now owns 109,752 shares of the semiconductor company's stock worth $5,486,000 after acquiring an additional 19,938 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Power Integrations by 9.7% during the first quarter. Advisors Asset Management Inc. now owns 13,482 shares of the semiconductor company's stock worth $681,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Power Integrations during the first quarter valued at approximately $3,405,000.

Power Integrations Price Performance

Power Integrations stock traded down $1.46 during midday trading on Friday, reaching $44.16. 587,603 shares of the company traded hands, compared to its average volume of 521,473. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 76.14, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The business has a 50 day moving average of $49.01 and a two-hundred day moving average of $51.46. Power Integrations, Inc. has a 12 month low of $39.53 and a 12 month high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued 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 net margin of 7.59% and a return on equity of 5.86%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Power Integrations's dividend payout ratio is 144.83%.

Insider Buying and Selling

In related news, VP Doug Bailey sold 16,989 shares of the 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 transaction, the vice president owned 50,798 shares in the company, valued at $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gagan Jain sold 2,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 approximately $866,292.60. This trade represents a 9.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,014 shares of company stock worth $1,678,322. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

POWI has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Susquehanna cut their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a report on Thursday, August 7th. Finally, Benchmark cut their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Power Integrations presently has a consensus rating of "Buy" and a consensus target price 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.