11,300 Shares in Power Integrations, Inc. (NASDAQ:POWI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,300 shares of the semiconductor company's stock, valued at approximately $697,000.

Several other large investors have also recently bought and sold shares of POWI. Citigroup Inc. raised its holdings in Power Integrations by 158.4% during the third quarter. Citigroup Inc. now owns 56,612 shares of the semiconductor company's stock worth $3,630,000 after purchasing an additional 34,707 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Power Integrations by 0.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,451 shares of the semiconductor company's stock worth $6,632,000 after acquiring an additional 419 shares in the last quarter. FMR LLC raised its stake in Power Integrations by 164.6% during 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 in the last quarter. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 27,016 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Power Integrations by 12.5% in the third quarter. Glenmede Trust Co. NA now owns 4,495 shares of the semiconductor company's stock valued at $288,000 after acquiring an additional 498 shares in the last quarter.

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Insider Buying and Selling

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares in the company, valued at approximately $7,214,420.85. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock valued at $3,075,198 over the last ninety days. Corporate insiders own 1.70% of the company's stock.

Power Integrations Stock Down 2.7 %

POWI traded down $1.22 on Friday, hitting $43.68. 1,337,835 shares of the company traded hands, compared to its average volume of 439,618. Power Integrations, Inc. has a 12-month low of $41.19 and a 12-month high of $79.13. The company has a 50 day moving average of $58.27 and a 200-day moving average of $61.40. The stock has a market capitalization of $2.48 billion, a PE ratio of 76.63, a PEG ratio of 4.08 and a beta of 1.32.

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

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. Power Integrations's dividend payout ratio (DPR) is 147.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on POWI. Benchmark reissued a "buy" rating and issued a $78.00 target price 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 note on Thursday. Three investment 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

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.