AXQ Capital LP Invests $544,000 in Power Integrations, Inc. $POWI

AXQ Capital LP purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 3rd quarter, Holdings Channel reports. The fund purchased 13,532 shares of the semiconductor company’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Power Integrations by 0.8% during the second quarter. State Street Corp now owns 2,663,326 shares of the semiconductor company’s stock worth $148,880,000 after buying an additional 21,983 shares in the last quarter. Copeland Capital Management LLC grew its position in Power Integrations by 7.2% during the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after acquiring an additional 86,123 shares during the last quarter. American Century Companies Inc. increased its holdings in Power Integrations by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company’s stock valued at $52,779,000 after purchasing an additional 213,102 shares in the last quarter. Brown Advisory Inc. raised its position in Power Integrations by 2.6% in the 2nd quarter. Brown Advisory Inc. now owns 836,719 shares of the semiconductor company’s stock valued at $46,773,000 after purchasing an additional 21,413 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Power Integrations by 91.0% in the third quarter. Tributary Capital Management LLC now owns 605,412 shares of the semiconductor company’s stock worth $24,344,000 after purchasing an additional 288,493 shares in the last quarter.

Power Integrations Stock Up 3.3%

Shares of POWI stock opened at $47.08 on Wednesday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 120.72, a PEG ratio of 3.46 and a beta of 1.37. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $65.45. The stock has a 50-day moving average price of $42.56 and a 200 day moving average price of $41.35.

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

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio is presently 215.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna boosted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Hold” and a consensus target price of $61.00.

Insider Buying and Selling at Power Integrations

In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the transaction, the chief executive officer owned 76,307 shares of the company’s stock, valued at $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Balu Balakrishnan sold 4,995 shares of Power Integrations stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the sale, the director directly owned 576,256 shares of the company’s stock, valued at approximately $27,199,283.20. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 38,037 shares of company stock worth $1,752,788. 1.40% of the stock is currently owned by insiders.

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.