Alpha DNA Investment Management LLC Takes $140,000 Position in Power Integrations, Inc. (NASDAQ:POWI)

Alpha DNA Investment Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, Holdings Channel reports. The fund bought 1,719 shares of the semiconductor company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in POWI. Norges Bank acquired a new stake in Power Integrations during the fourth quarter worth approximately $64,984,000. Polar Capital LLP grew its stake in Power Integrations by 135.5% during the third quarter. Polar Capital LLP now owns 1,102,965 shares of the semiconductor company’s stock worth $61,104,000 after purchasing an additional 634,670 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Power Integrations during the fourth quarter worth approximately $28,651,000. Charles Schwab Investment Management Inc. grew its stake in Power Integrations by 149.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,060 shares of the semiconductor company’s stock worth $31,803,000 after purchasing an additional 343,624 shares during the period. Finally, BlackRock Inc. grew its stake in Power Integrations by 3.1% during the fourth quarter. BlackRock Inc. now owns 9,579,120 shares of the semiconductor company’s stock worth $784,147,000 after purchasing an additional 292,047 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on POWI shares. Loop Capital raised their target price on Power Integrations from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Northland Securities raised their price objective on Power Integrations from $65.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, February 3rd. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, February 9th. Cowen raised their price objective on Power Integrations from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Power Integrations from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, December 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Power Integrations presently has an average rating of “Buy” and an average target price of $89.00.

In related news, VP Radu Barsan sold 2,239 shares of Power Integrations stock in a transaction on Friday, February 19th. The stock was sold at an average price of $94.74, for a total transaction of $212,122.86. Following the sale, the vice president now directly owns 52,400 shares in the company, valued at $4,964,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 15,937 shares of Power Integrations stock in a transaction on Monday, February 8th. The stock was sold at an average price of $86.20, for a total value of $1,373,769.40. The disclosure for this sale can be found here. Insiders sold 86,707 shares of company stock worth $7,526,369 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

POWI stock opened at $81.36 on Thursday. Power Integrations, Inc. has a twelve month low of $43.46 and a twelve month high of $99.05. The stock’s 50 day moving average is $85.15 and its 200-day moving average is $76.41. The firm has a market capitalization of $4.91 billion, a PE ratio of 24.18 and a beta of 0.98.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Tuesday, February 2nd. The semiconductor company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. Power Integrations had a return on equity of 8.34% and a net margin of 44.72%. The company had revenue of $150.69 million for the quarter, compared to analyst estimates of $129.88 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts expect that Power Integrations, Inc. will post 1.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 25th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.11. Power Integrations’s dividend payout ratio (DPR) is currently 58.43%.

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 offers 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 other consumer and industrial applications.

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

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