Two Sigma Securities LLC Trims Position in Power Integrations, Inc. (NASDAQ:POWI)

Two Sigma Securities LLC lessened its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 47.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,417 shares of the semiconductor company’s stock after selling 4,049 shares during the quarter. Two Sigma Securities LLC’s holdings in Power Integrations were worth $273,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in POWI. Norges Bank purchased a new position in shares of Power Integrations during the 4th quarter worth $19,663,000. Federated Hermes Inc. lifted its stake in shares of Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock worth $43,870,000 after purchasing an additional 203,309 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after purchasing an additional 178,896 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Power Integrations during the 4th quarter worth $7,470,000. Finally, Barclays PLC raised its position in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after buying an additional 114,644 shares during the period.

Power Integrations Stock Down 0.4 %

Shares of POWI stock opened at $50.47 on Tuesday. The business has a 50 day moving average of $53.18 and a two-hundred day moving average of $59.38. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The company has a market cap of $2.87 billion, a P/E ratio of 88.55, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Activity at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now directly owns 141,765 shares of the company’s stock, valued at $7,214,420.85. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 in the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus cut their target price on Power Integrations from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.83.

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.