Short traders are more bearish on shares of the company recently if you look at the change in short interest. The firm recorded a rise in short interest of 16.16% between August 15, 2017 and August 31, 2017. Short interest grew 136,644 over that timeframe. With short interest at 982,073 and short average daily volume at 196,992, the short-interest ratio is 5.0 and the short interest percentage is 0.03% as of August 31.
Here is a rundown on some insider market activity for Power Integrations, Inc. (NASDAQ:POWI). VP Radu Barsan let go of 399 shares at an average price of $72.00 on Wed the 30th. The VP now owns $2,507,400 of the stock as recorded in a recent Form 4 SEC filing. VP Doug Bailey sold 149 shares at an average price of $70.70 on Mon the 28th. Bailey now owns $3,169,269 of stock per an SEC filing yesterday.
Ben Sutherland, VP sold $12,184 worth of shares at an average price of $70.84 on August 24th. That brings Sutherland’s holdings to $2,925,267 as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (POWI). Kalmar Investments Inc /de/ downsized its ownership by shedding 18,540 shares a decrease of 28.8% from 12/31/2016 to 03/31/2017. Kalmar Investments Inc /de/ owns 45,905 shares valued at $3,018,000. The total value of its holdings decreased 31.0%. As of the end of the quarter AHL Partners LLP had sold 73,978 shares trimming its position 84.6%. The value of the investment in Power Integrations, Inc. went from $5,752,000 to $985,000 a change of 82.9% quarter over quarter.
Ubs Group Ag trimmed its holdings by selling 4,280 shares a decrease of 98.8%. Ubs Group Ag now controls 52 shares with a value of $4,000. The value of the position overall is down by 98.6%. Quadrant Capital Group LLC reduced its position by shedding 83 shares a decrease of 77.6% as of 06/30/2017. Quadrant Capital Group LLC currently owns 24 shares worth $0. The value of the position overall is down by 100.0%.
On July 25, 2017 the stock rating was changed to “Hold” according to a Deutsche Bank report down from the previous “Neutral” rating.
The company is so far trading down since yesterday’s close of 73.6. The company also recently announced a dividend payable on Friday the 29th of September 2017. The dividend will be $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend represents a yield of $0.76 which is the dividend as a percentage of the current share price. The ex-dividend date is Tuesday the 29th of August 2017.
The stock is trading at $72.80 which is marginally over $71.26, the 50 day moving average and a tad above the 200 day moving average of $68.77. The 50 day moving average was up $1.54 whereas the 200 day average was up by +5.85%.
The company’s P/E ratio is 40.47 and market capitalization is 2.17B. As of the last earnings report the EPS was $1.80 and is expected to be $2.77 for the current year with 29,758,000 shares currently outstanding. Next quarter’s EPS is expected be $0.72 with next year’s EPS projected to be $3.33.
Power Integrations, Inc., launched on August 12, 1997, designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Business’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use. The Business’s ICs are used in alternating current (AC)-direct current (DC) power supply, which convert high-voltage AC from a wall outlet to the low-voltage DC required by electronic devices. The Business’s power supplies are used with various electronic products, including mobile phones, computing and networking equipment, appliances, electronic utility meters, industrial controls and lights that utilize light emitting diodes (LEDs), and smart-home or Internet of things applications, such as networked thermostats, power strips and other home-automation and security devices. It also offers high-voltage gate drivers-either standalone ICs or circuit boards containing ICs, electrical isolation components and other circuitry used to operate high-voltage switches, such as insulated-gate bipolar transistors (IGBTs). These combinations of switches and drivers are used for power conversion in high-power applications, such as industrial motors, solar- and wind-power systems, electric vehicles and high-voltage DC transmission systems. The Business’s trademarks include EcoSmart, SCALE-III, PeakSwitch, ChiPhy, CONCEPT and PI Expert..