Power Integrations, Inc. $POWI Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 316,919 shares of the semiconductor company’s stock after acquiring an additional 1,246 shares during the period. Power Integrations makes up approximately 1.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Tributary Capital Management LLC owned about 0.56% of Power Integrations worth $17,716,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POWI. Allworth Financial LP increased its holdings in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 428 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Power Integrations by 364.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 488 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the last quarter. Bayforest Capital Ltd increased its holdings in Power Integrations by 54.3% in the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Power Integrations by 841.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 698 shares during the last quarter.

Insiders Place Their Bets

In other Power Integrations news, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the transaction, the vice president directly owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Doug Bailey sold 16,989 shares of Power Integrations stock in a transaction on Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the transaction, the vice president owned 50,798 shares in the company, valued at approximately $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,470 shares of company stock worth $1,697,214. 1.40% of the stock is currently owned by company insiders.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $42.39 on Thursday. The company’s fifty day moving average price is $43.55 and its 200 day moving average price is $48.91. Power Integrations, Inc. has a 12 month low of $34.55 and a 12 month high of $69.53. The firm has a market capitalization of $2.38 billion, a P/E ratio of 73.09, a P/E/G ratio of 2.92 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The firm had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. During the same period last year, the business earned $0.28 EPS. Power Integrations’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Power Integrations’s payout ratio is currently 144.83%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.67.

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.