SG Americas Securities LLC Decreases Position in Power Integrations, Inc. $POWI

SG Americas Securities LLC lessened its stake in Power Integrations, Inc. (NASDAQ:POWI) by 59.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,831 shares of the semiconductor company’s stock after selling 26,520 shares during the quarter. SG Americas Securities LLC’s holdings in Power Integrations were worth $913,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of POWI. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 409,643 shares during the period. State Street Corp raised its stake in shares of 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 buying an additional 518,284 shares during the period. Wellington Management Group LLP raised its stake in shares of Power Integrations by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock valued at $86,148,000 after buying an additional 162,691 shares during the period. Snyder Capital Management L P lifted its position in shares of Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after buying an additional 1,234,981 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Power Integrations by 1.4% during the 4th quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after buying an additional 20,618 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Zacks Research raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Finally, Susquehanna boosted their price target on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.20.

Insider Transactions at Power Integrations

In related news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the sale, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 6,860 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the completion of the sale, the vice president owned 64,379 shares in the company, valued at $5,386,590.93. This represents a 9.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 334,772 shares of company stock valued at $27,322,535. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $72.99 on Monday. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The stock has a market cap of $4.07 billion, a PE ratio of 243.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.57. The stock has a fifty day moving average of $77.25 and a 200-day moving average of $57.23.

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

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

About Power Integrations

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.