Quantinno Capital Management LP Purchases Shares of 7,160 Power Integrations, Inc. (NASDAQ:POWI)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased 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 buying an additional 282 shares during the period. UMB Bank n.a. increased its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 192 shares during the period. Quadrant Capital Group LLC increased its position in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 385 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Power Integrations during the fourth quarter valued at approximately $51,000. Finally, Covestor Ltd boosted its holdings in shares of Power Integrations by 16.9% in the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 234 shares during the period.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the transaction, the chief executive officer now owns 590,580 shares of the company's stock, valued at approximately $30,231,790.20. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock valued at $642,092 in the last three months. 1.40% of the stock is owned by insiders.

Power Integrations Stock Down 1.5%

Shares of Power Integrations stock traded down $0.78 on Friday, reaching $49.66. The stock had a trading volume of 71,584 shares, compared to its average volume of 463,785. The company has a 50 day moving average price of $49.64 and a 200 day moving average price of $57.53. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The stock has a market capitalization of $2.80 billion, a P/E ratio of 87.12, a P/E/G ratio of 4.08 and a beta of 1.31.

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

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. Power Integrations's dividend payout ratio (DPR) is currently 129.23%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Stifel Nicolaus raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Two 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.67.

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.