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

Power Integrations, Inc. (NASDAQ:POWI) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 4,383,038 shares, a decline of 14.8% from the January 15th total of 5,146,137 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average daily trading volume, of 922,185 shares, the days-to-cover ratio is presently 4.8 days. Based on an average daily trading volume, of 922,185 shares, the days-to-cover ratio is presently 4.8 days. Approximately 8.0% of the company’s shares are sold short.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,168 shares of Power Integrations stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total value of $98,817.44. Following the completion of the transaction, the vice president directly owned 95,766 shares of the company’s stock, valued at $4,365,014.28. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Balu Balakrishnan sold 10,080 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $44.75, for a total transaction of $451,080.00. Following the sale, the director owned 575,331 shares in the company, valued at $25,746,062.25. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,070 shares of company stock worth $1,787,703 in the last 90 days. Insiders own 1.40% of the company’s stock.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently made changes to their positions in POWI. Vanguard Group Inc. grew its position in Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after buying an additional 409,643 shares during the period. State Street Corp boosted its stake in shares of Power Integrations by 18.0% during the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after acquiring an additional 518,284 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Power Integrations by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after acquiring an additional 162,691 shares during the period. Snyder Capital Management L P increased its stake in Power Integrations by 148.8% in the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares in the last quarter. Finally, Morgan Stanley increased its stake in Power Integrations by 1.4% in the 4th quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after purchasing an additional 20,618 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna lifted 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. Finally, Zacks Research downgraded shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.00.

Power Integrations Stock Up 0.4%

NASDAQ POWI traded up $0.20 during trading hours on Wednesday, hitting $45.93. 639,453 shares of the stock were exchanged, compared to its average volume of 939,848. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 117.77, a price-to-earnings-growth ratio of 3.58 and a beta of 1.37. Power Integrations has a 12-month low of $30.86 and a 12-month high of $68.20. The stock has a 50-day moving average of $41.65 and a 200 day moving average of $41.37.

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

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is presently 220.51%.

About Power Integrations

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.