Power Integrations, Inc. (NASDAQ:POWI) Short Interest Update

Power Integrations, Inc. (NASDAQ:POWI) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,790,000 shares, a growth of 15.9% from the February 13th total of 3,270,000 shares. Based on an average trading volume of 473,500 shares, the short-interest ratio is presently 8.0 days. Approximately 6.8% of the shares of the stock are short sold.

Power Integrations Stock Down 0.2 %

NASDAQ:POWI traded down $0.11 during mid-day trading on Wednesday, hitting $57.16. 328,590 shares of the stock traded hands, compared to its average volume of 411,318. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 100.28, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations has a 52 week low of $54.55 and a 52 week high of $79.13. The firm’s 50 day moving average is $60.60 and its two-hundred day moving average is $62.04.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, research analysts predict that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three investment 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, Power Integrations presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Buying and Selling

In other news, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the sale, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at approximately $6,535,000.53. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,544 shares of company stock worth $2,433,105. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of POWI. UMB Bank n.a. grew its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after buying an additional 205 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 207 shares during the period. Snowden Capital Advisors LLC grew its position in Power Integrations by 1.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 211 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 230 shares during the period.

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.