Trading Report: The Capital Fund Management S.A. Buys Shares of 10,300 Power Integrations Inc. (POWI)

The Capital Fund Management S.A. Buys Shares of 10,300 Power Integrations Inc. (POWI)

Capital Fund Management S.A. purchased a new stake in Power Integrations Inc. (NASDAQ:POWI) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,300 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Power Integrations by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 133,172 shares of the company’s stock worth $6,614,000 after buying an additional 44,862 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Power Integrations by 16.8% in the first quarter. Panagora Asset Management Inc. now owns 196,930 shares of the company’s stock worth $9,779,000 after buying an additional 28,278 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Power Integrations during the first quarter worth approximately $802,000. Strs Ohio boosted its position in shares of Power Integrations by 10.8% in the second quarter. Strs Ohio now owns 102,300 shares of the company’s stock worth $5,122,000 after buying an additional 10,000 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock worth $2,094,000 after buying an additional 9,686 shares in the last quarter. 97.78% of the stock is owned by institutional investors.

Shares of Power Integrations Inc. (NASDAQ:POWI) traded down 0.75% during mid-day trading on Wednesday, reaching $61.97. The company had a trading volume of 115,710 shares. The company’s 50-day moving average price is $60.42 and its 200-day moving average price is $53.27. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $64.73. The company has a market capitalization of $1.79 billion, a PE ratio of 41.20 and a beta of 1.13.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The firm had revenue of $97.20 million for the quarter, compared to the consensus estimate of $91.22 million. Power Integrations had a net margin of 12.36% and a return on equity of 11.64%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, analysts forecast that Power Integrations Inc. will post $2.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, August 29th. Power Integrations’s payout ratio is 34.44%.

A number of brokerages have commented on POWI. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Deutsche Bank AG boosted their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $60.40.

In other Power Integrations news, insider Balu Balakrishnan sold 5,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the insider now directly owns 210,730 shares in the company, valued at $11,590,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Doug Bailey sold 960 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $64.13, for a total transaction of $61,564.80. Following the sale, the vice president now owns 27,259 shares of the company’s stock, valued at $1,748,119.67. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

Power Integrations Company 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’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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