Cibc World Markets Corp Buys Shares of 5,296 Power Integrations, Inc. (NASDAQ:POWI)

Cibc World Markets Corp purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,296 shares of the semiconductor company's stock, valued at approximately $327,000.

A number of other large investors also recently bought and sold shares of POWI. Wellington Management Group LLP grew its stake in shares of Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after buying an additional 476,986 shares during the period. Raymond James Financial Inc. acquired a new stake in Power Integrations during the fourth quarter worth about $7,470,000. Barclays PLC increased its stake in Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after acquiring an additional 114,644 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at about $5,210,000. Finally, Disciplined Growth Investors Inc. MN lifted its stake in shares of Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock valued at $135,400,000 after purchasing an additional 80,761 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on POWI shares. Benchmark restated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. StockNews.com raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $78.00.

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Power Integrations Stock Down 1.6 %

Shares of NASDAQ POWI traded down $0.87 during trading on Thursday, reaching $54.49. 92,683 shares of the stock were exchanged, compared to its average volume of 411,279. The business's 50-day moving average price is $60.05 and its 200 day moving average price is $61.83. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 95.84, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a twelve month low of $53.96 and a twelve month high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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%. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.54%. Power Integrations's dividend payout ratio is presently 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company's stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 in the last three months. Corporate insiders own 1.70% of the company's stock.

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.