EFG Asset Management North America Corp. Purchases 29,125 Shares of Power Integrations, Inc. (NASDAQ:POWI)

EFG Asset Management North America Corp. boosted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 90.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,289 shares of the semiconductor company's stock after buying an additional 29,125 shares during the quarter. EFG Asset Management North America Corp. owned 0.11% of Power Integrations worth $3,780,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock valued at $2,684,000 after acquiring an additional 28,548 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Power Integrations during the fourth quarter valued at approximately $288,000. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Power Integrations by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after buying an additional 33,741 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Power Integrations by 89.6% in the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company's stock valued at $3,665,000 after buying an additional 27,016 shares in the last quarter.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on POWI. StockNews.com raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Wednesday. Benchmark reissued a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Power Integrations Price Performance

Power Integrations stock traded down $3.57 during mid-day trading on Friday, hitting $50.98. The company's stock had a trading volume of 544,662 shares, compared to its average volume of 429,024. Power Integrations, Inc. has a 52-week low of $50.95 and a 52-week high of $79.13. The company has a market cap of $2.90 billion, a PE ratio of 89.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The firm's 50 day moving average is $59.70 and its 200 day moving average is $61.76.

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

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.65%. Power Integrations's dividend payout ratio is 147.37%.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction on 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. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the transaction, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is owned by corporate insiders.

Power Integrations Company Profile

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.