Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Power Integrations Inc (NASDAQ:POWI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,205 shares of the semiconductor company’s stock after selling 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Power Integrations worth $3,086,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of POWI. Amundi Pioneer Asset Management Inc. increased its position in Power Integrations by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 55,436 shares of the semiconductor company’s stock worth $3,878,000 after buying an additional 4,442 shares during the period. BlackRock Inc. increased its position in Power Integrations by 0.7% during the 2nd quarter. BlackRock Inc. now owns 4,230,257 shares of the semiconductor company’s stock worth $339,182,000 after buying an additional 30,956 shares during the period. Strs Ohio increased its position in Power Integrations by 3,266.7% during the 3rd quarter. Strs Ohio now owns 10,100 shares of the semiconductor company’s stock worth $913,000 after buying an additional 9,800 shares during the period. State of New Jersey Common Pension Fund D increased its position in Power Integrations by 13.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 34,000 shares of the semiconductor company’s stock worth $3,075,000 after buying an additional 4,000 shares during the period. Finally, Rhumbline Advisers increased its position in Power Integrations by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 87,753 shares of the semiconductor company’s stock worth $7,936,000 after buying an additional 2,043 shares during the period. Hedge funds and other institutional investors own 95.91% of the company’s stock.
Several research analysts have weighed in on POWI shares. BidaskClub cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $93.60.
POWI opened at $98.87 on Friday. The firm has a market cap of $2.99 billion, a P/E ratio of 15.28 and a beta of 1.28. Power Integrations Inc has a 52-week low of $64.95 and a 52-week high of $111.56. The business’s fifty day moving average is $102.69 and its 200-day moving average is $94.02.
Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, January 30th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $4.82. The company had revenue of $114.46 million for the quarter, compared to analyst estimates of $114.24 million. Power Integrations had a return on equity of 9.27% and a net margin of 45.99%. Power Integrations’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. As a group, equities analysts anticipate that Power Integrations Inc will post 2.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 27th. Power Integrations’s dividend payout ratio (DPR) is currently 42.70%.
In other news, Director Balakrishnan S. Iyer sold 4,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $106.51, for a total transaction of $426,040.00. Following the sale, the director now directly owns 20,240 shares of the company’s stock, valued at approximately $2,155,762.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Clifford Walker sold 8,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.14, for a total value of $825,120.00. Following the sale, the vice president now directly owns 62,528 shares in the company, valued at $6,449,137.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,907 shares of company stock worth $16,962,847. 4.10% of the stock is currently owned by insiders.
Power Integrations Company Profile
Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.
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