Tudor Investment Corp ET AL Buys New Holdings in Power Integrations, Inc. $POWI

Tudor Investment Corp ET AL purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,655 shares of the semiconductor company’s stock, valued at approximately $2,640,000. Tudor Investment Corp ET AL owned approximately 0.12% of Power Integrations at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Baird Financial Group Inc. raised its position in shares of Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 261 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in Power Integrations by 3.0% during the second quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after acquiring an additional 389 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in Power Integrations by 2.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 17,882 shares of the semiconductor company’s stock valued at $719,000 after acquiring an additional 410 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Power Integrations by 1.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 44,591 shares of the semiconductor company’s stock valued at $2,494,000 after acquiring an additional 439 shares during the last quarter.

Wall Street Analyst Weigh In

POWI has been the subject of several research reports. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a report on Friday, February 6th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Finally, Susquehanna raised their target price on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Power Integrations has an average rating of “Hold” and a consensus price target of $61.00.

Insider Activity

In other Power Integrations news, Director Balu Balakrishnan sold 4,995 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total value of $235,764.00. Following the completion of the sale, the director owned 576,256 shares of the company’s stock, valued at $27,199,283.20. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president directly owned 30,769 shares in the company, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 41,518 shares of company stock valued at $1,920,642. Company insiders own 1.40% of the company’s stock.

Power Integrations Price Performance

NASDAQ:POWI opened at $49.50 on Friday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 126.93, a PEG ratio of 3.80 and a beta of 1.34. The business has a 50 day simple moving average of $46.84 and a 200-day simple moving average of $41.74. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $60.12.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.Power Integrations’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is currently 220.51%.

Power Integrations Company 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.