Power Integrations, Inc. (NASDAQ:POWI) Stake Trimmed by Signaturefd LLC

Signaturefd LLC cut its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 42.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 597 shares of the semiconductor company’s stock after selling 445 shares during the period. Signaturefd LLC’s holdings in Power Integrations were worth $38,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Copeland Capital Management LLC lifted its position in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after acquiring an additional 213,392 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in Power Integrations during the 3rd quarter valued at $338,000. nVerses Capital LLC purchased a new stake in shares of Power Integrations in the third quarter valued at $359,000. Heritage Family Offices LLP acquired a new stake in shares of Power Integrations in the third quarter worth $202,000. Finally, Vontobel Holding Ltd. boosted its position in shares of Power Integrations by 5.2% in the third quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock worth $24,511,000 after buying an additional 18,827 shares during the period.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

NASDAQ:POWI opened at $63.09 on Thursday. The company has a market capitalization of $3.58 billion, a P/E ratio of 71.01, a P/E/G ratio of 5.06 and a beta of 1.10. The stock’s 50 day moving average price is $62.62 and its 200 day moving average price is $68.12. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. Power Integrations’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.59 earnings per share for the current fiscal 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 dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.27%. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Analysts Set New Price Targets

POWI has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Wednesday, September 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

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.