Mirabella Financial Services LLP Purchases Shares of 18,423 Power Integrations, Inc. (NASDAQ:POWI)

Mirabella Financial Services LLP acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,423 shares of the semiconductor company's stock, valued at approximately $1,137,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Power Integrations in the 4th quarter valued at $19,663,000. Federated Hermes Inc. boosted its stake in Power Integrations by 40.0% in the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after acquiring an additional 203,309 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after purchasing an additional 178,896 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Power Integrations during the fourth quarter worth about $7,470,000. Finally, Barclays PLC lifted its holdings in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after purchasing an additional 114,644 shares during the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of recent research reports. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Benchmark restated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price objective on Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Stock Performance

Shares of NASDAQ:POWI traded up $0.49 during trading on Friday, reaching $50.68. 403,880 shares of the stock were exchanged, compared to its average volume of 455,304. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 88.91, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13. The firm's 50-day moving average price is $53.69 and its 200 day moving average price is $59.60.

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%. As a group, equities research analysts forecast 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 issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,105 shares of company stock worth $3,075,198. 1.40% of the stock is owned by company insiders.

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.