GAMMA Investing LLC Has $5.13 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

GAMMA Investing LLC lifted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 17,230.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,556 shares of the semiconductor company's stock after purchasing an additional 100,970 shares during the period. GAMMA Investing LLC owned about 0.18% of Power Integrations worth $5,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Power Integrations during the 4th quarter worth approximately $19,663,000. Federated Hermes Inc. raised its stake in shares of Power Integrations by 40.0% during the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after acquiring an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after purchasing an additional 178,896 shares during the period. Snyder Capital Management L P grew its stake in shares of Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after purchasing an additional 160,784 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Power Integrations in the fourth quarter worth $7,470,000.

Analyst Ratings Changes

Several brokerages recently issued reports on POWI. Stifel Nicolaus raised 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. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, May 31st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and an average price target of $74.67.

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at $5,463,397.73. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total transaction of $488,557.36. Following the sale, the chief executive officer now owns 590,580 shares of the company's stock, valued at $30,231,790.20. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,561 shares of company stock worth $642,092 in the last quarter. Company insiders own 1.40% of the company's stock.

Power Integrations Stock Performance

Shares of POWI stock traded up $0.10 during mid-day trading on Thursday, hitting $57.89. The company's stock had a trading volume of 76,032 shares, compared to its average volume of 477,518. The company has a market cap of $3.26 billion, a PE ratio of 101.56, a P/E/G ratio of 4.08 and a beta of 1.29. The company's fifty day simple moving average is $50.20 and its 200-day simple moving average is $57.04. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The firm's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. Power Integrations's dividend payout ratio is currently 129.23%.

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.