Y Intercept Hong Kong Ltd Purchases Shares of 8,472 Power Integrations, Inc. (NASDAQ:POWI)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,472 shares of the semiconductor company’s stock, valued at approximately $523,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after buying an additional 205 shares during the period. MML Investors Services LLC boosted its position in shares of Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after buying an additional 207 shares during the period. Pacer Advisors Inc. boosted its position in shares of Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after buying an additional 230 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 255 shares during the last quarter.

Power Integrations Stock Up 0.3 %

Shares of NASDAQ POWI opened at $60.80 on Friday. The stock’s 50 day moving average price is $61.69 and its two-hundred day moving average price is $62.69. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $79.13. The stock has a market capitalization of $3.46 billion, a P/E ratio of 106.67, a PEG ratio of 4.08 and a beta of 1.11.

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 net margin of 7.69% and a return on equity of 4.48%. On average, analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POWI shares. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Finally, Susquehanna reduced their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 1,131 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $65,609.31. Following the sale, the vice president now directly owns 143,718 shares in the company, valued at approximately $8,337,081.18. This represents a 0.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock worth $2,433,105 over the last quarter. 1.70% of the stock is owned by corporate insiders.

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.