WINTON GROUP Ltd Acquires New Shares in Power Integrations, Inc. $POWI

WINTON GROUP Ltd purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 20,266 shares of the semiconductor company’s stock, valued at approximately $720,000.

A number of other hedge funds have also recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of Power Integrations during the 4th quarter valued at $399,000. Natixis Advisors LLC grew its position in shares of Power Integrations by 30.3% during the 4th quarter. Natixis Advisors LLC now owns 17,519 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 4,070 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its position in shares of Power Integrations by 25.4% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 3,228 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 654 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Power Integrations during the 4th quarter valued at $48,000. Finally, Huntington National Bank grew its position in shares of Power Integrations by 24.4% during the 4th quarter. Huntington National Bank now owns 2,328 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 457 shares in the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the transaction, the director owned 30,609 shares in the company, valued at $2,216,397.69. The trade was a 18.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 335,085 shares of company stock worth $27,338,789. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

POWI has been the subject of a number of recent analyst reports. Needham & Company LLC initiated coverage on shares of Power Integrations in a research report on Wednesday. They set a “buy” rating and a $90.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Susquehanna lifted their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Benchmark lifted their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.60.

Power Integrations Trading Down 0.1%

POWI stock opened at $74.63 on Thursday. The firm’s 50-day moving average price is $68.76 and its two-hundred day moving average price is $51.76. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $89.00. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 248.77, a PEG ratio of 3.25 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s payout ratio is presently 286.67%.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.