Madison Investment Advisors LLC Acquires New Shares in Power Integrations, Inc. (NASDAQ:POWI)

Madison Investment Advisors LLC acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,436 shares of the semiconductor company's stock, valued at approximately $5,210,000. Madison Investment Advisors LLC owned approximately 0.15% of Power Integrations at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of POWI. UMB Bank n.a. grew its holdings in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after buying an additional 192 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 205 shares in the last quarter. MML Investors Services LLC grew its holdings in Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock worth $400,000 after acquiring an additional 207 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after purchasing an additional 230 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after buying an additional 282 shares during the last quarter.

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Power Integrations Trading Down 0.7 %

POWI stock traded down $0.39 during trading on Wednesday, hitting $55.35. The company had a trading volume of 258,509 shares, compared to its average volume of 412,048. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 97.11, a P/E/G ratio of 4.08 and a beta of 1.11. The business has a 50 day moving average of $60.20 and a 200 day moving average of $61.88. Power Integrations, Inc. has a fifty-two week low of $54.04 and a fifty-two week 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 (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 analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.52%. Power Integrations's dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

Several research firms recently issued reports on POWI. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark reiterated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Insider Buying and Selling

In other news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares of the company's stock, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Nayyar sold 1,877 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 112,653 shares of the company's stock, valued at approximately $6,535,000.53. This trade represents a 1.64 % 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 over the last three months. Company 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.