Tudor Investment Corp ET AL Acquires Shares of 65,655 Power Integrations, Inc. $POWI

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

A number of other institutional investors have also modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Power Integrations in the third quarter valued at approximately $243,000. Voloridge Investment Management LLC increased its holdings in Power Integrations by 57.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 410,797 shares of the semiconductor company’s stock worth $16,518,000 after purchasing an additional 150,152 shares during the period. Westerly Capital Management LLC increased its holdings in Power Integrations by 140.0% during the 3rd quarter. Westerly Capital Management LLC now owns 120,000 shares of the semiconductor company’s stock worth $4,825,000 after purchasing an additional 70,000 shares during the period. Verition Fund Management LLC raised its position in Power Integrations by 1,174.2% during the 3rd quarter. Verition Fund Management LLC now owns 90,853 shares of the semiconductor company’s stock valued at $3,653,000 after purchasing an additional 83,723 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Power Integrations by 83.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 112,758 shares of the semiconductor company’s stock valued at $4,534,000 after purchasing an additional 51,173 shares in the last quarter.

Insider Activity

In other Power Integrations news, VP Sunil Gupta sold 2,168 shares of Power Integrations stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $45.58, for a total value of $98,817.44. Following the transaction, the vice president directly owned 95,766 shares of the company’s stock, valued at approximately $4,365,014.28. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gagan Jain sold 3,481 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was 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. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,518 shares of company stock worth $1,920,642. Insiders own 1.40% of the company’s stock.

Power Integrations Price Performance

Shares of POWI stock opened at $49.50 on Friday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $60.12. The stock’s 50-day moving average is $46.84 and its 200 day moving average is $41.74. The company has a market cap of $2.75 billion, a P/E ratio of 126.93, a PEG ratio of 3.80 and a beta of 1.34.

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

Power Integrations Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on POWI shares. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. 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 research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.00.

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.