SG Americas Securities LLC Invests $344,000 in Power Integrations, Inc. (NASDAQ:POWI)

SG Americas Securities LLC bought a new position 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 fund bought 6,804 shares of the semiconductor company's stock, valued at approximately $344,000.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 282 shares in the last quarter. Quadrant Capital Group LLC raised its position in Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 385 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations during the fourth quarter valued at about $51,000. UMB Bank n.a. grew its holdings in shares of Power Integrations by 91.6% during the first quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 576 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Power Integrations by 16.9% during the fourth 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 last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on POWI. Stifel Nicolaus raised their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.67.

Insider Activity at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares in the company, valued at approximately $7,214,420.85. This represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the firm'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 transaction of $488,557.36. Following the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,561 shares of company stock worth $642,092 over the last quarter. Company insiders own 1.40% of the company's stock.

Power Integrations Stock Performance

Shares of POWI traded down $0.31 during mid-day trading on Friday, reaching $56.14. 19,084 shares of the company were exchanged, compared to its average volume of 476,786. The business has a 50 day simple moving average of $52.46 and a two-hundred day simple moving average of $56.28. The stock has a market capitalization of $3.16 billion, a PE ratio of 86.65, a PEG ratio of 2.30 and a beta of 1.29. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, May 30th. Power Integrations's dividend payout ratio is presently 129.23%.

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.