Power Integrations, Inc. $POWI Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 78.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,658 shares of the semiconductor company’s stock after selling 5,919 shares during the period. IFP Advisors Inc’s holdings in Power Integrations were worth $93,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Power Integrations during the 1st quarter worth approximately $1,452,000. Foresight Group Ltd Liability Partnership purchased a new position in Power Integrations during the first quarter worth $11,271,000. SG Americas Securities LLC acquired a new position in shares of Power Integrations in the first quarter worth $344,000. GAMMA Investing LLC lifted its position in shares of Power Integrations by 243.2% in the first quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 1,425 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Power Integrations in the first quarter valued at $630,000.

Insider Buying and Selling at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the sale, the vice president directly owned 50,798 shares in the company, valued at $2,357,535.18. This represents a 25.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the transaction, the vice president owned 18,812 shares in the company, valued at $866,292.60. The trade was a 9.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,470 shares of company stock valued at $1,697,214 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Power Integrations Trading Down 3.3%

Shares of NASDAQ:POWI opened at $45.48 on Monday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 78.42, a PEG ratio of 2.97 and a beta of 1.37. The stock’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $48.97. Power Integrations, Inc. has a 12-month low of $34.55 and a 12-month high of $69.53.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 29th. Power Integrations’s dividend payout ratio (DPR) is 144.83%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research note on Tuesday, September 23rd. Susquehanna lowered their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.67.

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.