S Squared Technology LLC Increases Position in Power Integrations, Inc. $POWI

S Squared Technology LLC increased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 116.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 130,000 shares of the semiconductor company’s stock after buying an additional 70,000 shares during the quarter. Power Integrations accounts for about 1.8% of S Squared Technology LLC’s investment portfolio, making the stock its 20th biggest holding. S Squared Technology LLC’s holdings in Power Integrations were worth $4,620,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after buying an additional 409,643 shares during the last quarter. State Street Corp boosted its holdings in Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after purchasing an additional 595,404 shares during the last quarter. Snyder Capital Management L P boosted its holdings in Power Integrations by 148.8% in the fourth 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 during the last quarter. Finally, Morgan Stanley boosted its holdings in Power Integrations by 1.4% in the fourth 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 during the last quarter.

Analyst Ratings Changes

Several research firms have commented on POWI. Needham & Company LLC began coverage on shares of Power Integrations in a report on Wednesday. They issued a “buy” rating and a $90.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Benchmark upped their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. Susquehanna upped their price target on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.60.

Insiders Place Their Bets

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nicholas Brathwaite sold 6,895 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the transaction, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 335,085 shares of company stock worth $27,338,789. Company insiders own 1.40% of the company’s stock.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $78.38 on Monday. The firm has a 50-day simple moving average of $69.81 and a two-hundred day simple moving average of $52.40. The company has a market cap of $4.37 billion, a P/E ratio of 261.28, a price-to-earnings-growth ratio of 3.41 and a beta of 1.57. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $89.00.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Power Integrations’s dividend payout ratio is 286.67%.

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.