Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 479,941 shares of the semiconductor company's stock after selling 14,827 shares during the period. Fiera Capital Corp owned approximately 0.84% of Power Integrations worth $30,774,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Norden Group LLC bought a new stake in Power Integrations in the first quarter worth about $264,000. BNP Paribas Financial Markets lifted its stake in Power Integrations by 3.4% in the first quarter. BNP Paribas Financial Markets now owns 56,136 shares of the semiconductor company's stock worth $4,017,000 after purchasing an additional 1,854 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Power Integrations by 29.2% in the first quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 914 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Power Integrations by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 49,762 shares of the semiconductor company's stock worth $3,560,000 after purchasing an additional 645 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in Power Integrations in the first quarter worth about $1,261,000.

Power Integrations Stock Performance

NASDAQ POWI traded up $0.93 on Friday, reaching $66.31. 535,878 shares of the company's stock traded hands, compared to its average volume of 408,870. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 100.47, a P/E/G ratio of 5.34 and a beta of 1.10. The stock has a 50 day moving average price of $62.29 and a 200-day moving average price of $68.02. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $89.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a net margin of 9.27% and a return on equity of 4.15%. The company had revenue of $106.20 million during the quarter, compared to analysts' expectations of $105.02 million. During the same quarter in the prior year, the company earned $0.27 EPS. Power Integrations's revenue was down 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Power Integrations's previous quarterly dividend of $0.20. Power Integrations's dividend payout ratio is currently 121.21%.

Insider Activity

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company's stock, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,398 shares of company stock valued at $157,847 in the last 90 days. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Susquehanna cut their price target on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday. Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Finally, Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations 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.