Two Sigma Investments LP Sells 47,937 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Two Sigma Investments LP decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 88.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,178 shares of the semiconductor company's stock after selling 47,937 shares during the period. Two Sigma Investments LP's holdings in Power Integrations were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of POWI. Vanguard Group Inc. grew its holdings in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock valued at $444,909,000 after purchasing an additional 114,047 shares in the last quarter. Wellington Management Group LLP grew its position in Power Integrations by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock worth $150,879,000 after purchasing an additional 105,034 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Power Integrations by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after purchasing an additional 178,896 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after buying an additional 28,793 shares in the last quarter. Finally, Capital International Investors boosted its stake in Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock valued at $92,743,000 after purchasing an additional 82,681 shares in the last quarter.

Insider Buying and Selling

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm's stock in a transaction dated 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 approximately $5,463,397.73. The trade was a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,561 shares of company stock worth $642,092 in the last ninety days. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

POWI has been the subject of several analyst reports. Stifel Nicolaus upped their target price on 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 note on Saturday. Two equities 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 an average target price of $74.67.

Power Integrations Stock Performance

NASDAQ POWI traded down $2.49 on Friday, reaching $55.13. The company had a trading volume of 369,831 shares, compared to its average volume of 480,440. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 96.72, a price-to-earnings-growth ratio of 4.08 and a beta of 1.29. The company's fifty day moving average is $50.75 and its 200-day moving average is $56.84. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13.

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

Power Integrations Announces Dividend

The company also recently announced 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. This represents a $0.84 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, May 30th. Power Integrations's dividend payout ratio is currently 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.