Xponance Inc. Sells 533 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Xponance Inc. lessened its stake in Power Integrations, Inc. (NASDAQ:POWI) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,626 shares of the semiconductor company’s stock after selling 533 shares during the period. Xponance Inc.’s holdings in Power Integrations were worth $535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of 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 acquiring an additional 135 shares during the period. GAMMA Investing LLC grew its stake in shares of Power Integrations by 69.8% in 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. US Bancorp DE increased its holdings in Power Integrations by 1.1% during the 4th quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock valued at $1,182,000 after purchasing an additional 161 shares during the period. Mather Group LLC. raised its position in Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Power Integrations by 1.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 185 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Insider Transactions at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $64.12 on Tuesday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The company has a 50-day moving average of $63.94 and a 200 day moving average of $69.09. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 69.70, a PEG ratio of 4.96 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

About Power Integrations

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.