Signaturefd LLC Reduces Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Signaturefd LLC lowered its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 42.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 597 shares of the semiconductor company’s stock after selling 445 shares during the quarter. Signaturefd LLC’s holdings in Power Integrations were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in POWI. Fifth Third Bancorp increased its holdings in Power Integrations by 8.1% in the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its stake in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. boosted its holdings in Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares during the period. Orion Portfolio Solutions LLC increased its stake in Power Integrations by 1.2% during the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock valued at $1,116,000 after purchasing an additional 185 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Power Integrations by 16.3% during the first quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 222 shares during the period.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $63.09 on Thursday. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The business’s fifty day moving average price is $62.62 and its two-hundred day moving average price is $68.12. The company has a market capitalization of $3.58 billion, a P/E ratio of 71.01, a PEG ratio of 5.06 and a beta of 1.10.

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

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the business’s 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 sale, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on POWI shares. Susquehanna lowered their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. TD Cowen cut their price target on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, August 12th. Three equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

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.