Quantbot Technologies LP Increases Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Quantbot Technologies LP increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 2,019.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 54,311 shares of the semiconductor company’s stock after purchasing an additional 51,748 shares during the quarter. Quantbot Technologies LP’s holdings in Power Integrations were worth $3,482,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC raised its position in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after buying an additional 213,392 shares during the period. Ceredex Value Advisors LLC increased its stake in Power Integrations by 4.8% during the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock worth $53,083,000 after acquiring an additional 34,400 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Power Integrations by 18.4% in the 3rd quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after purchasing an additional 96,609 shares during the period. Millennium Management LLC lifted its stake in shares of Power Integrations by 23.4% in the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock valued at $41,634,000 after purchasing an additional 112,595 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Power Integrations by 2.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 567,477 shares of the semiconductor company’s stock worth $36,387,000 after purchasing an additional 14,306 shares during the period.

Insider Buying and Selling

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Susquehanna reduced their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. TD Cowen reduced their price objective on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Price Performance

POWI stock opened at $64.77 on Thursday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 98.14, a PEG ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The firm has a fifty day moving average price of $63.05 and a two-hundred day moving average price of $67.46.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is currently 127.27%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.