Sei Investments Co. Purchases 6,827 Shares of Power Integrations, Inc. $POWI

Key Points

• Sei Investments Co. has increased its ownership in Power Integrations, Inc. by 7.1%, acquiring an additional 6,827 shares to bring its total stake to 103,425 shares valued at approximately $5.22 million.
• Several institutional investors have also increased their stakes, with Caitong International Asset Management raising theirs by an impressive 841% during the same quarter.
• The company reported an EPS of $0.35 for the last quarter, slightly above analysts' expectations, as well as a revenue increase of 9.1% year-over-year.

Sei Investments Co. lifted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,425 shares of the semiconductor company's stock after purchasing an additional 6,827 shares during the period. Sei Investments Co. owned about 0.18% of Power Integrations worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Power Integrations by 1.2% during the first quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company's stock worth $878,000 after acquiring an additional 200 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock valued at $748,000 after purchasing an additional 211 shares during the period. Bayforest Capital Ltd increased its position in Power Integrations by 54.3% during the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 222 shares during the period. Bessemer Group Inc. raised its holdings in Power Integrations by 4.1% during the 1st quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock worth $342,000 after purchasing an additional 269 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Power Integrations by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 339 shares during the last quarter.

Power Integrations Trading Down 2.0%

NASDAQ POWI traded down $0.91 during mid-day trading on Wednesday, hitting $45.60. The company's stock had a trading volume of 619,210 shares, compared to its average volume of 687,804. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 78.62, a PEG ratio of 3.04 and a beta of 1.31. The company's 50 day simple moving average is $52.72 and its 200 day simple moving average is $53.51. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The business's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 1.8%. Power Integrations's dividend payout ratio (DPR) is presently 144.83%.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the transaction, the vice president owned 50,798 shares in the company, valued at $2,357,535.18. This trade represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 approximately $866,292.60. The trade was a 9.77% 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 valued at $1,678,322 in the last quarter. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

POWI has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a report on Thursday, August 7th. Benchmark cut their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Finally, Stifel Nicolaus increased their price target on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $61.67.

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.