Eqis Capital Management Inc. Buys 169 Shares of Power Integrations Inc (NASDAQ:POWI)

Eqis Capital Management Inc. lifted its stake in shares of Power Integrations Inc (NASDAQ:POWI) by 3.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,895 shares of the semiconductor company’s stock after acquiring an additional 169 shares during the period. Eqis Capital Management Inc.’s holdings in Power Integrations were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in POWI. FNY Investment Advisers LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at approximately $45,000. Tower Research Capital LLC TRC grew its holdings in shares of Power Integrations by 482.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 874 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 724 shares during the last quarter. Huntington National Bank grew its holdings in shares of Power Integrations by 19.9% during the 2nd quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 173 shares during the last quarter. ETF Managers Group LLC grew its holdings in shares of Power Integrations by 23.8% during the 2nd quarter. ETF Managers Group LLC now owns 2,604 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 501 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at approximately $206,000. 96.38% of the stock is currently owned by institutional investors.

POWI opened at $92.09 on Friday. Power Integrations Inc has a fifty-two week low of $55.24 and a fifty-two week high of $102.38. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 43.03 and a beta of 1.25. The company’s 50 day moving average price is $91.52 and its two-hundred day moving average price is $83.10.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, October 24th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Power Integrations had a net margin of 14.50% and a return on equity of 9.64%. The firm had revenue of $114.16 million for the quarter, compared to analyst estimates of $114.20 million. During the same period in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts expect that Power Integrations Inc will post 1.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, November 27th. Power Integrations’s payout ratio is presently 31.78%.

In other news, VP Doug Bailey sold 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $91.55, for a total value of $183,100.00. Following the sale, the vice president now directly owns 59,298 shares of the company’s stock, valued at approximately $5,428,731.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David Mh Matthews sold 1,141 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $89.21, for a total transaction of $101,788.61. Following the completion of the sale, the vice president now directly owns 58,198 shares in the company, valued at $5,191,843.58. The disclosure for this sale can be found here. Insiders have sold a total of 94,890 shares of company stock worth $8,785,072 over the last three months. Insiders own 4.10% of the company’s stock.

Several equities research analysts recently issued reports on POWI shares. Loop Capital raised shares of Power Integrations from a “hold” rating to a “buy” rating and lifted their price target for the company from $83.00 to $102.00 in a report on Friday, October 25th. Stifel Nicolaus set a $104.00 price target on shares of Power Integrations and gave the company a “buy” rating in a report on Friday, October 25th. BidaskClub lowered shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 24th. Deutsche Bank set a $80.00 price target on shares of Power Integrations and gave the company a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Power Integrations presently has an average rating of “Hold” and an average target price of $91.20.

Power Integrations Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

Featured Article: Why are percentage gainers important?

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations Inc (NASDAQ:POWI).

Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.