Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 40.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 457,470 shares of the semiconductor company’s stock after purchasing an additional 131,735 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.80% of Power Integrations worth $32,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Duality Advisers LP acquired a new position in Power Integrations in the first quarter valued at $1,261,000. Congress Asset Management Co. MA boosted its position in shares of Power Integrations by 14.8% in the 1st quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock valued at $34,881,000 after purchasing an additional 62,824 shares during the period. TD Asset Management Inc purchased a new position in Power Integrations during the 4th quarter worth approximately $1,299,000. Public Employees Retirement Association of Colorado increased its position 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 worth $21,427,000 after buying an additional 248,591 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in Power Integrations by 19.9% in the first quarter. Tributary Capital Management LLC now owns 270,291 shares of the semiconductor company’s stock valued at $19,339,000 after buying an additional 44,923 shares during the last quarter.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of research reports. Susquehanna lowered their target price on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Wednesday, September 11th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Power Integrations Stock Up 0.3 %

Shares of NASDAQ:POWI opened at $63.57 on Friday. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68. The company has a 50-day moving average price of $64.16 and a 200 day moving average price of $69.16. The company has a market cap of $3.61 billion, a P/E ratio of 69.10, a PEG ratio of 4.96 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. During the same period last year, the firm earned $0.27 EPS. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. Analysts expect that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Power Integrations’s payout ratio is currently 86.96%.

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.