Duality Advisers LP Purchases Shares of 17,627 Power Integrations, Inc. (NASDAQ:POWI)

Duality Advisers LP purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,627 shares of the semiconductor company’s stock, valued at approximately $1,261,000.

A number of other large investors have also made changes to their positions in the company. Texas Permanent School Fund Corp grew its stake in shares of Power Integrations by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 49,762 shares of the semiconductor company’s stock valued at $3,560,000 after purchasing an additional 645 shares during the period. GSA Capital Partners LLP grew its stake in shares of Power Integrations by 51.5% during the 1st quarter. GSA Capital Partners LLP now owns 37,210 shares of the semiconductor company’s stock valued at $2,662,000 after purchasing an additional 12,645 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Power Integrations during the 1st quarter valued at about $55,000. Capstone Investment Advisors LLC lifted its position in shares of Power Integrations by 32.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 6,731 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 1,647 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Power Integrations by 29.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 914 shares in the last quarter.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.40.

Power Integrations Stock Up 1.5 %

NASDAQ POWI traded up $1.12 during trading hours on Friday, reaching $75.37. The company’s stock had a trading volume of 157,605 shares, compared to its average volume of 391,634. The firm’s 50-day moving average price is $73.93 and its 200-day moving average price is $73.55. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $99.60. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 80.71, a PEG ratio of 4.01 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The company had revenue of $91.69 million for the quarter, compared to analysts’ expectations of $89.98 million. Equities research analysts anticipate that Power Integrations, Inc. will post 0.73 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.06%. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Insider Transactions at Power Integrations

In other news, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the transaction, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Mh Matthews sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $76.88, for a total value of $384,400.00. Following the transaction, the insider now directly owns 63,229 shares in the company, valued at approximately $4,861,045.52. The disclosure for this sale can be found here. Insiders have sold 32,100 shares of company stock valued at $2,481,667 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

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.