Power Integrations, Inc. (NASDAQ:POWI) Short Interest Update

Power Integrations, Inc. (NASDAQ:POWI) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 3,520,000 shares, a decline of 13.9% from the May 31st total of 4,090,000 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average trading volume of 383,400 shares, the days-to-cover ratio is presently 9.2 days.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $70.19 on Friday. Power Integrations has a 52-week low of $62.13 and a 52-week high of $99.60. The firm has a fifty day moving average of $73.04 and a 200 day moving average of $74.28. The firm has a market capitalization of $3.98 billion, a PE ratio of 76.29, a price-to-earnings-growth ratio of 3.86 and a beta of 1.18.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The company had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. On average, sell-side analysts forecast that Power Integrations will post 0.73 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.14%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $90.00 price target on shares of Power Integrations in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.40.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the sale, the vice president now owns 140,834 shares of the company’s stock, valued at approximately $9,723,179.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the completion of the transaction, the vice president now directly owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. Following the transaction, the vice president now owns 45,436 shares of the company’s stock, valued at $3,350,905. The disclosure for this sale can be found here. Insiders have sold 46,094 shares of company stock valued at $3,443,600 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after buying an additional 105,034 shares during the period. JPMorgan Chase & Co. boosted its position in Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after buying an additional 154,032 shares during the period. Wellington Management Group LLP boosted its position in Power Integrations by 5.8% during the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after buying an additional 123,988 shares during the period. Capital International Investors boosted its position in Power Integrations by 6.5% during the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock valued at $94,227,000 after buying an additional 80,775 shares during the period. Finally, Boston Trust Walden Corp boosted its position in Power Integrations by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company’s stock valued at $65,118,000 after buying an additional 3,784 shares during the period.

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.