Thu Sep 26 12:55:48 UTC 2024: ## HSBC Cuts Power Integrations Stake, Institutional Investors Show Mixed Sentiment

**San Francisco, CA -** HSBC Holdings PLC trimmed its stake in Power Integrations, Inc. (NASDAQ: POWI) by 62.7% in the second quarter, according to HoldingsChannel. The move comes amidst a mixed bag of investor activity in the semiconductor company.

HSBC’s reduced stake, which now amounts to 41,269 shares valued at $2,912,000, reflects a cautious approach towards Power Integrations. However, other institutional investors have demonstrated a more optimistic outlook.

GAMMA Investing LLC increased its holding in POWI by 69.8% in the second quarter, while Mather Group LLC and Fidelis Capital Partners LLC acquired new positions in the first quarter. Migdal Insurance & Financial Holdings Ltd. also joined the investor pool by taking a new stake during the second quarter. Quest Partners LLC further boosted its position in POWI by 23.5%.

On a separate note, Power Integrations’ Vice President Sunil Gupta sold 2,127 shares of the company’s stock on August 27th, bringing his total ownership down to 51,899 shares. The sale, disclosed in an SEC filing, comes as insiders hold 1.70% of the company’s stock.

Power Integrations’ stock opened at $60.48 on Thursday. The company reported $0.28 earnings per share for the second quarter, exceeding analysts’ expectations by $0.02. Revenue for the quarter reached $106.20 million, slightly surpassing forecasts. Despite the positive earnings report, revenue fell by 13.8% year-over-year.

Analysts predict that Power Integrations will post earnings of $0.59 per share for the current fiscal year. The company also declared a quarterly dividend of $0.20 per share, payable on September 30th.

Power Integrations specializes in analog and mixed-signal integrated circuits, catering to a wide range of applications, from mobile-device chargers to high-power systems. The company’s future performance remains a subject of debate, with HSBC’s reduced stake suggesting potential concerns while other investors express optimism through their increased holdings.

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