Tributary Capital Management LLC Increases Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Tributary Capital Management LLC raised its stake in Power Integrations, Inc. (NASDAQ:POWI) by 19.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,291 shares of the semiconductor company’s stock after purchasing an additional 44,923 shares during the quarter. Power Integrations accounts for 1.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Tributary Capital Management LLC owned about 0.48% of Power Integrations worth $19,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POWI. Kodai Capital Management LP acquired a new position in Power Integrations during the fourth quarter worth $39,467,000. Norges Bank acquired a new position in Power Integrations during the fourth quarter worth $37,424,000. Capital International Investors raised its holdings in Power Integrations by 46.2% during the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock worth $101,501,000 after purchasing an additional 390,373 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Power Integrations by 2,011.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock worth $21,427,000 after purchasing an additional 248,591 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after acquiring an additional 154,032 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the sale, the vice president now owns 45,436 shares of the company’s stock, valued at $3,350,905. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider David Mh Matthews sold 9,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $77.17, for a total value of $733,115.00. Following the completion of the sale, the insider now owns 53,729 shares of the company’s stock, valued at $4,146,266.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,094 shares of company stock valued at $3,443,600. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Down 0.7 %

Shares of NASDAQ:POWI traded down $0.50 during midday trading on Monday, reaching $69.69. The company’s stock had a trading volume of 382,362 shares, compared to its average volume of 400,314. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 75.75, a price-to-earnings-growth ratio of 3.91 and a beta of 1.18. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $99.60. The business has a 50 day moving average price of $73.17 and a 200 day moving average price of $74.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The business had revenue of $91.69 million during the quarter, compared to the consensus estimate of $89.98 million. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.73 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Power Integrations in a report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average 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.