Power Integrations, Inc. (NASDAQ:POWI) Short Interest Update

Power Integrations, Inc. (NASDAQ:POWI) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,790,000 shares, an increase of 15.9% from the February 13th total of 3,270,000 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average trading volume of 473,500 shares, the short-interest ratio is presently 8.0 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POWI shares. StockNews.com downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Activity

In related news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the sale, the vice president now owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now owns 112,653 shares in the company, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,544 shares of company stock valued at $2,433,105. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its position in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. lifted its position in 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 purchasing an additional 192 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Power Integrations in the 4th quarter worth about $51,000.

Power Integrations Stock Down 2.7 %

Shares of NASDAQ POWI opened at $55.59 on Friday. The stock has a market capitalization of $3.16 billion, a P/E ratio of 97.53, a PEG ratio of 4.08 and a beta of 1.11. The stock’s 50 day moving average price is $60.49 and its two-hundred day moving average price is $62.00. Power Integrations has a 52-week low of $54.55 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, analysts anticipate that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

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.