Numerai GP LLC Boosts Stake in Power Integrations, Inc. (NASDAQ:POWI)

Numerai GP LLC increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,230 shares of the semiconductor company's stock after acquiring an additional 6,364 shares during the period. Numerai GP LLC's holdings in Power Integrations were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC lifted its holdings in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after buying an additional 114,644 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Power Integrations by 8.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company's stock valued at $362,000 after acquiring an additional 433 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Power Integrations during the 4th quarter valued at approximately $227,000. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after buying an additional 192 shares during the period. Finally, Tributary Capital Management LLC raised its position in shares of Power Integrations by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 320,245 shares of the semiconductor company's stock worth $19,759,000 after purchasing an additional 40,529 shares during the last quarter.

Insiders Place Their Bets

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 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 $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares of the company's stock, valued at approximately $5,463,397.73. The trade was a 1.77% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. The trade was a 18.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,954 shares of company stock valued at $1,328,862 in the last 90 days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Benchmark reaffirmed a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three investment 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.67.

Power Integrations Price Performance

Shares of Power Integrations stock traded down $1.50 during trading on Monday, reaching $52.47. 69,251 shares of the company traded hands, compared to its average volume of 460,969. The firm has a market capitalization of $2.95 billion, a PE ratio of 92.05, a P/E/G ratio of 4.08 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The company has a 50 day moving average price of $50.65 and a 200-day moving average price of $58.30.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share 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 period in the previous year, the company posted $0.18 earnings per share. The firm's revenue was up 15.1% on a year-over-year basis. Equities research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed 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. This represents a $0.84 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, May 30th. Power Integrations's payout ratio is 129.23%.

Power Integrations 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.