Ceredex Value Advisors LLC Sells 75,990 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Ceredex Value Advisors LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,650 shares of the semiconductor company's stock after selling 75,990 shares during the quarter. Ceredex Value Advisors LLC owned about 1.03% of Power Integrations worth $36,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Power Integrations by 164.6% in the 3rd quarter. FMR LLC now owns 17,247 shares of the semiconductor company's stock worth $1,106,000 after acquiring an additional 10,728 shares during the period. MML Investors Services LLC increased its stake in Power Integrations by 3.4% in 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 during the period. Barclays PLC boosted its stake in shares of Power Integrations by 173.4% during the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after buying an additional 114,644 shares during the period. Geode Capital Management LLC increased its stake in shares of Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company's stock worth $101,033,000 after acquiring an additional 63,150 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Power Integrations by 22.8% during the third quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company's stock worth $805,000 after acquiring an additional 2,331 shares in the last quarter.

Power Integrations Price Performance

Shares of Power Integrations stock traded down $0.51 during trading on Monday, hitting $44.90. 73,306 shares of the company were exchanged, compared to its average volume of 453,480. The firm has a market capitalization of $2.55 billion, a P/E ratio of 78.77, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. The firm's fifty day moving average price is $54.65 and its 200 day moving average price is $59.98. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13.

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

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.87%. Power Integrations's dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on POWI shares. Benchmark restated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.83.

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the transaction, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares of the company's stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock valued at $3,075,198 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

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.