Townsquare Capital LLC Boosts Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Townsquare Capital LLC boosted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 28,297 shares of the semiconductor company’s stock after acquiring an additional 3,376 shares during the quarter. Townsquare Capital LLC’s holdings in Power Integrations were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of POWI. MML Investors Services LLC raised its holdings in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 207 shares in the last quarter. Barclays PLC raised its holdings in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Power Integrations by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after purchasing an additional 63,150 shares during the period. Tidal Investments LLC boosted its stake in shares of Power Integrations by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on POWI shares. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Clifford Walker sold 2,472 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the transaction, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,105 shares of company stock worth $3,075,198. 1.70% of the stock is owned by corporate insiders.

Power Integrations Stock Performance

POWI stock opened at $44.92 on Thursday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 78.81, a PEG ratio of 4.08 and a beta of 1.32. The firm has a 50 day moving average price of $55.16 and a 200-day moving average price of $60.27. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

About Power Integrations

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.