Tudor Investment Corp ET AL Has $3.39 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Tudor Investment Corp ET AL lowered its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,999 shares of the semiconductor company's stock after selling 135,091 shares during the period. Tudor Investment Corp ET AL owned about 0.10% of Power Integrations worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after acquiring an additional 114,644 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Power Integrations by 22.8% in the 3rd quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company's stock valued at $805,000 after purchasing an additional 2,331 shares during the period. Versant Capital Management Inc grew its holdings in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 534 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Power Integrations by 8.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company's stock valued at $362,000 after buying an additional 433 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Power Integrations during the 4th quarter worth approximately $227,000.

Insider Buying and Selling

In other news, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $108,884.77. Following the transaction, the chief financial officer now owns 112,653 shares in the company, valued at approximately $6,535,000.53. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 6,012 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.26, for a total value of $350,259.12. Following the sale, the chief executive officer now owns 605,365 shares of the company's stock, valued at approximately $35,268,564.90. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,974 shares of company stock worth $1,853,615. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

POWI has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus decreased their target price on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.83.

Power Integrations Trading Down 0.9 %

Shares of NASDAQ:POWI traded down $0.44 on Tuesday, reaching $50.10. 401,683 shares of the company's stock were exchanged, compared to its average volume of 455,909. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The company has a fifty day moving average of $51.68 and a 200-day moving average of $58.88. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

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.