Power Integrations, Inc. $POWI Stock Holdings Decreased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has decreased its stake in Power Integrations by 43.4%, now holding 26,240 shares worth approximately $1.32 million as of the latest SEC filing.
• Power Integrations announced a quarterly dividend of $0.21 per share, representing an annualized yield of 1.8%, with an upcoming ex-dividend date on August 29.
• In terms of performance, Power Integrations reported $0.35 EPS for the last quarter, beating estimates, with a 9.1% year-over-year revenue increase.

Hsbc Holdings PLC lowered its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 43.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,240 shares of the semiconductor company's stock after selling 20,144 shares during the period. Hsbc Holdings PLC's holdings in Power Integrations were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. grew its position in shares of Power Integrations by 1,345.8% in the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock valued at $66,367,000 after purchasing an additional 1,223,310 shares during the period. Northern Trust Corp grew its position in shares of Power Integrations by 7.9% in the first quarter. Northern Trust Corp now owns 1,075,076 shares of the semiconductor company's stock valued at $54,291,000 after purchasing an additional 79,036 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Power Integrations by 30.5% in the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock valued at $37,318,000 after purchasing an additional 172,530 shares during the period. Congress Asset Management Co. grew its position in shares of Power Integrations by 16.8% in the first quarter. Congress Asset Management Co. now owns 737,134 shares of the semiconductor company's stock valued at $37,225,000 after purchasing an additional 105,995 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of Power Integrations in the first quarter valued at $36,919,000.

Insider Buying and Selling at Power Integrations

In related news, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction 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 sale, the vice president owned 18,812 shares of the company's stock, valued at $866,292.60. The trade was a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Doug Bailey sold 16,989 shares of Power Integrations stock in a transaction on Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the sale, the vice president directly owned 50,798 shares in the company, valued at $2,357,535.18. This trade represents a 25.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,014 shares of company stock worth $1,678,322 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on POWI shares. Stifel Nicolaus increased 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. Susquehanna cut their target price on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research report on Thursday, August 7th. Wall Street Zen lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Benchmark cut their target price on Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $61.67.

Power Integrations Stock Performance

Power Integrations stock traded down $0.63 during trading on Wednesday, reaching $43.91. 507,081 shares of the company's stock were exchanged, compared to its average volume of 631,709. The company's 50-day moving average is $50.81 and its two-hundred day moving average is $52.52. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 75.71, a PEG ratio of 2.95 and a beta of 1.38.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly 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 firm had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

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

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.