12,962 Shares in Power Integrations, Inc. $POWI Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,962 shares of the semiconductor company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of POWI. Parkside Financial Bank & Trust lifted its holdings in shares of Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 326 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Power Integrations in the second quarter valued at about $40,000. Hantz Financial Services Inc. raised its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares in the last quarter. Finally, Huntington National Bank raised its position in Power Integrations by 27.4% in the second quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 282 shares in the last quarter.

Insiders Place Their Bets

In other Power Integrations news, VP Sunil Gupta sold 1,272 shares of Power Integrations stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total value of $58,473.84. Following the completion of the transaction, the vice president owned 96,933 shares in the company, valued at approximately $4,456,010.01. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the 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 sale, the vice president owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 41,518 shares of company stock valued at $1,920,642. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

POWI has been the topic of a number of recent research reports. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Finally, Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.00.

Power Integrations Stock Down 3.7%

NASDAQ:POWI opened at $46.06 on Monday. The firm has a market cap of $2.56 billion, a PE ratio of 118.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $63.04. The company’s 50-day moving average price is $44.35 and its two-hundred day moving average price is $41.44.

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

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is 220.51%.

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.