Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by Numerai GP LLC

Numerai GP LLC increased its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,230 shares of the semiconductor company's stock after buying an additional 6,364 shares during the quarter. Numerai GP LLC's holdings in Power Integrations were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Power Integrations during the fourth quarter worth $51,000. Finally, Covestor Ltd lifted its position 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.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the sale, the vice president now owns 141,765 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the sale, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. The trade was a 18.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,954 shares of company stock worth $1,328,862 over the last quarter. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

POWI has been the subject of several research analyst reports. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reiterated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price objective on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.67.

Power Integrations Stock Performance

POWI traded down $0.29 on Friday, hitting $53.97. The company had a trading volume of 497,458 shares, compared to its average volume of 462,521. The stock has a fifty day moving average price of $50.65 and a 200-day moving average price of $58.32. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 94.69, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (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 for the quarter, compared to analyst estimates of $105.44 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.56%. Power Integrations's dividend payout ratio (DPR) 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.