Lisanti Capital Growth LLC Buys Shares of 23,575 Power Integrations, Inc. (NASDAQ:POWI)

Lisanti Capital Growth LLC purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,575 shares of the semiconductor company’s stock, valued at approximately $1,936,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Power Integrations in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in Power Integrations by 369.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Power Integrations during the third quarter worth $65,000. Headlands Technologies LLC increased its stake in Power Integrations by 374.6% during the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 854 shares during the last quarter. Finally, Signaturefd LLC raised its position in Power Integrations by 17.4% in the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 211 shares during the period.

Power Integrations Price Performance

Shares of POWI stock traded up $0.50 during trading on Tuesday, reaching $70.17. The company’s stock had a trading volume of 711,599 shares, compared to its average volume of 400,942. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60. The stock’s 50-day moving average price is $69.47 and its 200 day moving average price is $74.24. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 71.82 and a beta of 1.20.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The business had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 28th. Power Integrations’s dividend payout ratio is currently 82.47%.

Insider Activity

In related news, CEO Balu Balakrishnan sold 5,232 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total value of $423,896.64. Following the sale, the chief executive officer now owns 508,461 shares of the company’s stock, valued at $41,195,510.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Clifford Walker sold 1,096 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the transaction, the vice president now owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 5,232 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $81.02, for a total value of $423,896.64. Following the sale, the chief executive officer now owns 508,461 shares of the company’s stock, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,106 shares of company stock worth $3,518,339. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

POWI has been the subject of a number of recent analyst reports. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a research report on Monday, February 26th. TD Cowen upped their price objective on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Benchmark upped their price target on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.40.

Power Integrations 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.