GSA Capital Partners LLP Invests $999,000 in Power Integrations, Inc. (NASDAQ:POWI)

Key Points

• GSA Capital Partners LLP invested approximately $999,000 in Power Integrations, acquiring 19,780 shares in the 1st quarter, reflecting growing interest from institutional investors in the semiconductor company.
• Power Integrations recently declared a dividend of $0.21 per share, leading to an annualized dividend yield of 1.7%, although the company has a dividend payout ratio of 129.23%.
• Brokerages have positive outlooks for Power Integrations, with several analysts maintaining a buy rating and an average price target of $73.33, indicating potential for growth in the stock’s value.

GSA Capital Partners LLP bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,780 shares of the semiconductor company's stock, valued at approximately $999,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Power Integrations during the fourth quarter valued at $19,663,000. Federated Hermes Inc. boosted its stake in shares of Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock worth $43,870,000 after acquiring an additional 203,309 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after acquiring an additional 178,896 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Power Integrations by 30.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock valued at $37,318,000 after acquiring an additional 172,530 shares during the period. Finally, Snyder Capital Management L P increased its stake in shares of Power Integrations by 22.3% in the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock valued at $54,451,000 after purchasing an additional 160,784 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on POWI. Benchmark reiterated a "buy" rating and set a $70.00 price target on shares of Power Integrations in a research report on Wednesday, July 16th. Stifel Nicolaus increased their target price on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.33.

Power Integrations Price Performance

NASDAQ POWI opened at $48.52 on Friday. The company has a market cap of $2.73 billion, a PE ratio of 74.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. The stock's 50 day simple moving average is $54.47 and its 200-day simple moving average is $54.96. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $74.09.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The firm had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. During the same period in the prior year, the company earned $0.18 EPS. The firm's revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 30th. Power Integrations's dividend payout ratio (DPR) is currently 129.23%.

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.

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