Boston Trust Walden Corp Trims Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Boston Trust Walden Corp decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 769,361 shares of the semiconductor company's stock after selling 21,875 shares during the quarter. Boston Trust Walden Corp owned 1.35% of Power Integrations worth $49,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 150 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Power Integrations during the first quarter worth about $55,000. Mather Group LLC. raised its position in Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Power Integrations in the second quarter valued at approximately $63,000. Finally, Quest Partners LLC boosted its position in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 240 shares in the last quarter.

Power Integrations Price Performance

Power Integrations stock traded up $0.53 during midday trading on Friday, reaching $62.95. The company had a trading volume of 519,590 shares, compared to its average volume of 405,803. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The company has a market capitalization of $3.57 billion, a P/E ratio of 68.42, a P/E/G ratio of 5.01 and a beta of 1.10. The firm's fifty day simple moving average is $62.61 and its 200-day simple moving average is $68.17.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business 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 firm earned $0.27 earnings per share. The business's revenue was down 13.8% compared to the same quarter last year. On average, analysts expect that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.27%. Power Integrations's dividend payout ratio (DPR) is presently 86.96%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, August 12th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark reissued a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. Susquehanna cut their price target on Power Integrations from $95.00 to $80.00 and set a "positive" rating for the company in a research note on Thursday, August 8th. Finally, TD Cowen lowered their price target on Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $78.50.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

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.