M&T Bank Corp Boosts Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

M&T Bank Corp increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 28.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,672 shares of the semiconductor company's stock after buying an additional 12,037 shares during the period. M&T Bank Corp owned 0.09% of Power Integrations worth $3,312,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc lifted its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. boosted its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Power Integrations during the third quarter worth $87,000. Finally, KBC Group NV raised its position in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock valued at $114,000 after buying an additional 432 shares during the last quarter.

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Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 approximately $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock valued at $2,433,105 in the last three months. 1.70% of the stock is owned by corporate insiders.

Power Integrations Trading Up 2.1 %

Power Integrations stock traded up $1.14 during mid-day trading on Wednesday, hitting $56.60. The company's stock had a trading volume of 411,776 shares, compared to its average volume of 410,166. The stock's fifty day moving average is $61.19 and its two-hundred day moving average is $62.39. The firm has a market capitalization of $3.22 billion, a PE ratio of 99.30, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 1 year low of $54.55 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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, equities analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal 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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is 147.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on POWI shares. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark restated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.