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NEWS BITES US - NASDAQ
Power Integrations, Inc. (NASDAQ:POWI), the NASDAQ's 24th largest Semiconductors & related devices company by market cap, has lifted $US2.0 (2.9%) from its last trading session of February 11 to close at $US70.13. Compared with the NASDAQ-100 Index which rose 105.5 points (1.5%) in the day, the relative price increase was 1.4%. The volume was 0.6 times the average daily trading volume of 190,086 shares. Power Integrations' stock's open interest increased 0.1% from 1,455 to 1,457. Combined with the price increase, this suggests a strong stock price. Its MCap is $US2.1 billion.
INSTITUTIONAL BUYING
Power Integrations (NASDAQ:POWI) institutional shareholder JP Morgan Chase & Co (CIK:0000019617) bought 589,318 shares in the quarter ended December 31, 2018 worth $US35.9 million at an estimated Volume Weighted Average Price (VWAP) of USD58.47. At the end of the quarter JP Morgan Chase & Co held 672,000 shares worth $US39.3 million, representing 2.30% of the issued capital of Power Integrations.
INSTITUTIONAL SELLING
Power Integrations (NASDAQ:POWI) institutional shareholder Bank of New York Mellon Corp (CIK:0001390777) sold 69,928 shares in the quarter ended December 31, 2018 worth $US4.3 million at an estimated Volume Weighted Average Price (VWAP) of USD58.47. At the end of the quarter Bank of New York Mellon Corp held 730,363 shares worth $US42.7 million, representing 2.50% of the issued capital of Power Integrations.
UPCOMING EVENT: DIVIDEND
The company announced a dividend of 17.0c per share; ex-dividend date is Wednesday, February 27; the payable date is Friday, March 29; the record date is Thursday, February 28.
Highlights in today's Report:
SECTION 1 BULLISH SIGNALS
SECTION 2 BEARISH SIGNALS
SECTION 3 PRICE VOLUME DYNAMICS
SECTION 4 RELATED NEWS
SECTION 5 REPORTED BUYING AND SELLING
SECTION 6 SUMMARY FINANCIALS
SECTION 7 PROFILE
SECTION 1 POWER INTEGRATIONS BULLISH SIGNALS
1.1 Technicals:
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 67.75 minus the 26-day EMA of 65.54 is positive 2.21 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.
+ Rises to Falls: in the past month the number of rises outnumbered falls 14:7 or 2:1.
+ The present value of $US1,000 (PV1000) invested one year ago in Power Integrations is $US1,133, comprising a capital gain of $US123 and dividend reinvested...