MQS Management LLC Has $298,000 Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

MQS Management LLC lowered its stake in Power Integrations, Inc. (NASDAQ:POWI) by 26.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,245 shares of the semiconductor company’s stock after selling 1,510 shares during the quarter. MQS Management LLC’s holdings in Power Integrations were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kodai Capital Management LP acquired a new position in Power Integrations in the fourth quarter valued at about $39,467,000. Norges Bank acquired a new stake in shares of Power Integrations in the 4th quarter valued at approximately $37,424,000. Capital International Investors grew its holdings in Power Integrations by 46.2% during the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after purchasing an additional 390,373 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Power Integrations by 2,011.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock valued at $21,427,000 after purchasing an additional 248,591 shares during the period. Finally, Vanguard Group Inc. increased its stake in Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after purchasing an additional 105,034 shares in the last quarter.

Insider Activity at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

POWI has been the subject of several research analyst reports. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Wednesday, September 11th. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Stock Performance

NASDAQ POWI opened at $59.65 on Friday. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68. The stock’s 50 day moving average price is $65.48 and its two-hundred day moving average price is $69.60. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 64.84, a PEG ratio of 4.71 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, August 30th. Power Integrations’s payout ratio is 86.96%.

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.