Wasatch Advisors LP Sells 15,154 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Wasatch Advisors LP reduced its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,886 shares of the semiconductor company's stock after selling 15,154 shares during the period. Wasatch Advisors LP owned 0.29% of Power Integrations worth $10,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $296,000. Barclays PLC lifted its holdings in shares of Power Integrations by 34.6% during the fourth quarter. Barclays PLC now owns 243,330 shares of the semiconductor company's stock valued at $15,013,000 after purchasing an additional 62,576 shares during the last quarter. Townsquare Capital LLC increased its stake in Power Integrations by 13.5% in the 4th quarter. Townsquare Capital LLC now owns 28,297 shares of the semiconductor company's stock worth $1,746,000 after purchasing an additional 3,376 shares in the last quarter. Covestor Ltd increased its stake in Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 234 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Power Integrations in the fourth quarter worth about $7,470,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on POWI shares. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Stifel Nicolaus decreased 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. Finally, Benchmark reissued 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Stock Performance

Shares of Power Integrations stock traded up $0.48 during midday trading on Friday, reaching $45.40. 380,096 shares of the company's stock traded hands, compared to its average volume of 454,970. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 79.65, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The company's 50 day simple moving average is $54.65 and its 200 day simple moving average is $60.00.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results 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 return on equity of 4.48% and a net margin of 7.69%. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Insider Buying and Selling

In related news, CFO Sandeep Nayyar sold 1,877 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 112,653 shares of the company's stock, valued at approximately $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,105 shares of company stock valued at $3,075,198. Insiders own 1.40% of the company's stock.

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.