Quantinno Capital Management LP Buys New Shares in Power Integrations, Inc. (NASDAQ:POWI)

Quantinno Capital Management LP acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,160 shares of the semiconductor company's stock, valued at approximately $442,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares during the period. UMB Bank n.a. boosted its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares during the period. Quadrant Capital Group LLC boosted its stake in Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares during the period. Johnson Financial Group Inc. acquired a new position in Power Integrations in the 4th quarter worth $51,000. Finally, Covestor Ltd boosted its stake in Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 234 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POWI shares. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Benchmark restated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Finally, Stifel Nicolaus increased their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations has an average rating of "Moderate Buy" and a consensus price target of $74.67.

Power Integrations Stock Performance

NASDAQ:POWI traded up $0.52 during mid-day trading on Thursday, hitting $50.46. The stock had a trading volume of 172,435 shares, compared to its average volume of 463,926. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 88.69, a PEG ratio of 4.08 and a beta of 1.31. The company's 50 day simple moving average is $49.76 and its 200 day simple moving average is $57.63.

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

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.66%. Power Integrations's dividend payout ratio is currently 129.23%.

Insider Buying and Selling at Power Integrations

In related news, CEO Balu Balakrishnan sold 9,544 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the sale, the chief executive officer now directly owns 590,580 shares in the company, valued at approximately $30,231,790.20. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sandeep Nayyar sold 1,929 shares of Power Integrations stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,561 shares of company stock valued at $642,092 in the last three months. 1.40% of the stock is currently owned by company insiders.

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.