Tactive Advisors LLC Takes $393,000 Position in Power Integrations, Inc. $POWI

Tactive Advisors LLC acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,680 shares of the semiconductor company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its position in Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 261 shares during the period. Royal Bank of Canada increased its holdings in shares of Power Integrations by 5.0% during the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Power Integrations by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 1,461 shares during the period. Goldman Sachs Group Inc. increased its stake in Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after buying an additional 74,107 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Power Integrations by 15.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after buying an additional 23,389 shares in the last quarter.

Insider Transactions at Power Integrations

In related news, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. This trade represents a 7.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the sale, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 335,085 shares of company stock valued at $27,338,789 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Price Performance

Shares of POWI opened at $87.35 on Tuesday. The firm’s 50 day moving average is $73.58 and its 200-day moving average is $54.52. The stock has a market capitalization of $4.87 billion, a P/E ratio of 291.18, a P/E/G ratio of 3.79 and a beta of 1.57. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on POWI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Stifel Nicolaus boosted their target price on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC began coverage on Power Integrations in a research note on Wednesday, June 10th. They set a “buy” rating and a $90.00 price target for the company. Finally, Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.60.

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.