ETF Managers Group LLC Raises Holdings in Power Integrations Inc (POWI)

ETF Managers Group LLC grew its position in Power Integrations Inc (NASDAQ:POWI) by 15.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,904 shares of the semiconductor company’s stock after acquiring an additional 258 shares during the quarter. ETF Managers Group LLC’s holdings in Power Integrations were worth $116,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of POWI. Meeder Asset Management Inc. acquired a new position in shares of Power Integrations during the 4th quarter valued at about $54,000. We Are One Seven LLC acquired a new position in shares of Power Integrations during the 4th quarter valued at about $87,000. MML Investors Services LLC acquired a new position in shares of Power Integrations during the 3rd quarter valued at about $207,000. Bank of Montreal Can increased its holdings in shares of Power Integrations by 6.2% during the 4th quarter. Bank of Montreal Can now owns 3,560 shares of the semiconductor company’s stock valued at $217,000 after acquiring an additional 208 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Power Integrations during the 3rd quarter valued at about $227,000. 99.37% of the stock is currently owned by institutional investors.

POWI has been the topic of a number of analyst reports. Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, December 28th. ValuEngine lowered Power Integrations from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. TheStreet raised Power Integrations from a “c+” rating to a “b-” rating in a report on Tuesday, December 18th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Finally, BidaskClub lowered Power Integrations from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.50.

Shares of NASDAQ POWI opened at $70.13 on Wednesday. The stock has a market cap of $2.09 billion, a PE ratio of 32.77 and a beta of 1.00. Power Integrations Inc has a 52 week low of $47.35 and a 52 week high of $80.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 7th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.24. The business had revenue of $93.30 million for the quarter, compared to analyst estimates of $97.12 million. Power Integrations had a return on equity of 12.19% and a net margin of 16.83%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. Analysts expect that Power Integrations Inc will post 1.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.16. Power Integrations’s dividend payout ratio (DPR) is 29.91%.

In other Power Integrations news, VP Ben Sutherland sold 731 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $66.58, for a total value of $48,669.98. Following the sale, the vice president now owns 37,761 shares of the company’s stock, valued at approximately $2,514,127.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Radu Barsan sold 1,462 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $69.00, for a total value of $100,878.00. Following the completion of the sale, the vice president now directly owns 27,601 shares in the company, valued at approximately $1,904,469. The disclosure for this sale can be found here. Insiders sold a total of 22,081 shares of company stock worth $1,456,963 in the last ninety days. Insiders own 4.00% of the company’s stock.

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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. 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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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)

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