Quantbot Technologies LP Acquires New Stake in Power Integrations, Inc. $POWI

Key Points

• Quantbot Technologies LP acquired a new stake in Power Integrations, Inc., purchasing 7,138 shares valued at approximately $360,000.
• Power Integrations recently reported quarterly earnings of $0.35 EPS, surpassing estimates, with revenue of $115.85 million, a 9.1% increase year-over-year.
• The company will pay a quarterly dividend of $0.21 per share on September 30th, indicating a dividend yield of 1.8%.

Quantbot Technologies LP acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,138 shares of the semiconductor company's stock, valued at approximately $360,000.

A number of other large investors have also made changes to their positions in the stock. QSV Equity Investors LLC boosted its stake in shares of Power Integrations by 37.4% during the first quarter. QSV Equity Investors LLC now owns 22,752 shares of the semiconductor company's stock valued at $1,149,000 after acquiring an additional 6,195 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Power Integrations by 7.9% during the first quarter. Northern Trust Corp now owns 1,075,076 shares of the semiconductor company's stock valued at $54,291,000 after acquiring an additional 79,036 shares during the last quarter. Algert Global LLC boosted its stake in shares of Power Integrations by 185.3% during the first quarter. Algert Global LLC now owns 68,856 shares of the semiconductor company's stock valued at $3,477,000 after acquiring an additional 44,725 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Power Integrations during the first quarter valued at $36,919,000. Finally, Sei Investments Co. boosted its stake in shares of Power Integrations by 7.1% during the first quarter. Sei Investments Co. now owns 103,425 shares of the semiconductor company's stock valued at $5,223,000 after acquiring an additional 6,827 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on POWI. Benchmark decreased their price objective on Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Wall Street Zen lowered Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna decreased their price target on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research note on Thursday, August 7th. Finally, Stifel Nicolaus raised their price target on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $61.67.

Power Integrations Price Performance

Power Integrations stock opened at $46.10 on Wednesday. The stock's 50-day moving average is $51.95 and its 200-day moving average is $53.05. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 79.48, a price-to-earnings-growth ratio of 3.04 and a beta of 1.31. 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 released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping 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 return on equity of 5.86% and a net margin of 7.59%.The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Research analysts anticipate 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. Stockholders of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 29th. Power Integrations's dividend payout ratio (DPR) is 144.83%.

Insider Transactions at Power Integrations

In other news, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the transaction, the vice president directly owned 18,812 shares in the company, valued at $866,292.60. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president owned 50,798 shares in the company, valued at approximately $2,357,535.18. This trade 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 sold 36,014 shares of company stock worth $1,678,322. Company insiders own 1.40% of the company's stock.

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.

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