Semanteon Capital Management LP Makes New $1.13 Million Investment in Power Integrations, Inc. (NASDAQ:POWI)

Semanteon Capital Management LP purchased a new position in Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,779 shares of the semiconductor company’s stock, valued at approximately $1,131,000.

A number of other hedge funds also recently modified their holdings of POWI. GAMMA Investing LLC bought a new stake in Power Integrations during the 4th quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new stake in Power Integrations in the 3rd quarter valued at approximately $65,000. Headlands Technologies LLC lifted its stake in Power Integrations by 374.6% in the 3rd quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 854 shares in the last quarter. CWM LLC boosted its position in Power Integrations by 102.4% during the 3rd quarter. CWM LLC now owns 1,095 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 554 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Power Integrations by 16.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,166 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 168 shares in the last quarter.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 9,799 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now owns 552,161 shares in the company, valued at $37,883,766.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now owns 552,161 shares in the company, valued at approximately $37,883,766.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Radu Barsan sold 9,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the transaction, the vice president now owns 27,384 shares in the company, valued at approximately $1,999,032. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,411 shares of company stock worth $4,203,262. Company insiders own 1.50% of the company’s stock.

Power Integrations Trading Up 0.5 %

NASDAQ:POWI traded up $0.31 on Thursday, hitting $67.26. The company’s stock had a trading volume of 577,679 shares, compared to its average volume of 391,560. The stock has a fifty day moving average of $70.28 and a two-hundred day moving average of $74.73. The firm has a market capitalization of $3.83 billion, a P/E ratio of 69.46 and a beta of 1.21. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.65 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Power Integrations’s dividend payout ratio (DPR) is currently 82.47%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on POWI. Benchmark increased their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research note on Monday, February 26th. Stifel Nicolaus upped their price objective on Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, TD Cowen upped their price objective on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.17.

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.