Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of 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 acquiring an additional 385 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the fourth quarter valued at approximately $51,000. Covestor Ltd increased its holdings in shares of Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after acquiring an additional 234 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in Power Integrations by 1,259.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,222 shares of the semiconductor company's stock valued at $199,000 after purchasing an additional 2,985 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 590,580 shares of the company's stock, valued at approximately $30,231,790.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock valued at $642,092 over the last quarter. 1.40% of the stock is currently owned by insiders.

Power Integrations Price Performance

POWI stock traded down $2.49 during midday trading on Friday, hitting $55.13. 369,831 shares of the stock traded hands, compared to its average volume of 478,902. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The stock's fifty day simple moving average is $50.49 and its 200-day simple moving average is $56.96. The firm has a market cap of $3.10 billion, a P/E ratio of 96.72, a PEG ratio of 4.08 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued 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. The company had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Power Integrations's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

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 dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.52%. Power Integrations's payout ratio is currently 129.23%.

Wall Street Analyst Weigh In

POWI has been the subject of a number of recent analyst reports. Wall Street Zen cut Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, May 31st. Stifel Nicolaus lifted their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus price target 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.