AlphaQuest LLC Buys 8,131 Shares of Power Integrations, Inc. $POWI

Key Points

• AlphaQuest LLC significantly increased its stake in Power Integrations by 233.2% during Q1, owning 11,617 shares valued at $587,000.
• A number of hedge funds have also raised their positions, with Tower Research Capital and Pinebridge Investments increasing their stakes by 136.4% and 42.7% respectively during the last quarter.
• Power Integrations recently declared a quarterly dividend of $0.21, scheduled for payment on September 30th, representing a 1.8% dividend yield; however, it has a high payout ratio of 144.83%.

AlphaQuest LLC raised its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 233.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,617 shares of the semiconductor company's stock after acquiring an additional 8,131 shares during the quarter. AlphaQuest LLC's holdings in Power Integrations were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in Power Integrations by 136.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the semiconductor company's stock worth $241,000 after acquiring an additional 2,250 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of Power Integrations by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 29,126 shares of the semiconductor company's stock worth $1,797,000 after buying an additional 8,713 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Power Integrations by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,414 shares of the semiconductor company's stock worth $2,741,000 after buying an additional 5,853 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the 4th quarter valued at $51,000. Finally, Northern Trust Corp grew its holdings in shares of Power Integrations by 9.1% during the 4th quarter. Northern Trust Corp now owns 996,040 shares of the semiconductor company's stock valued at $61,456,000 after purchasing an additional 83,186 shares during the last quarter.

Insider Transactions at Power Integrations

In other Power Integrations news, 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 directly owned 18,812 shares in the company, valued at approximately $866,292.60. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $788,459.49. Following the sale, the vice president owned 50,798 shares of the company's stock, valued at approximately $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,014 shares of company stock valued at $1,678,322. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

POWI has been the subject of several analyst reports. Benchmark dropped their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Stifel Nicolaus raised their target price on shares of 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 cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Susquehanna dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Power Integrations currently has a consensus rating of "Buy" and an average price target of $61.67.

Power Integrations Stock Performance

Shares of Power Integrations stock traded down $0.39 during trading on Thursday, hitting $46.34. The company's stock had a trading volume of 407,071 shares, compared to its average volume of 696,906. The company has a market capitalization of $2.60 billion, a PE ratio of 79.90, a P/E/G ratio of 3.06 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 fifty day simple moving average of $51.65 and a two-hundred day simple moving average of $52.92.

Power Integrations (NASDAQ:POWI - Get Free Report) last released 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 business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. Power Integrations's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. As a group, analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

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

About Power Integrations

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.