Allspring Global Investments Holdings LLC Purchases New Stake in Power Integrations, Inc. (NASDAQ:POWI)

Allspring Global Investments Holdings LLC purchased a new position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,747 shares of the semiconductor company's stock, valued at approximately $288,000.

Several other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after buying an additional 192 shares in the last quarter. First Horizon Advisors Inc. increased its position in Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock valued at $141,000 after buying an additional 205 shares in the last quarter. MML Investors Services LLC increased its position in Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock valued at $400,000 after buying an additional 207 shares in the last quarter. Pacer Advisors Inc. increased its position in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after buying an additional 230 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Power Integrations by 5.8% during the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company's stock valued at $297,000 after buying an additional 255 shares in the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the topic of several recent analyst reports. StockNews.com raised Power Integrations from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Finally, Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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Insider Transactions at Power Integrations

In other news, VP Radu Barsan sold 10,393 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock worth $2,433,105 over the last quarter. 1.70% of the stock is currently owned by insiders.

Power Integrations Trading Up 0.3 %

Shares of POWI stock traded up $0.20 during mid-day trading on Friday, reaching $60.80. The stock had a trading volume of 466,031 shares, compared to its average volume of 512,901. The business's fifty day moving average is $61.69 and its 200-day moving average is $62.69. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 106.67, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. Power Integrations's payout ratio is 147.37%.

About Power Integrations

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.