Wells Fargo & Company MN Has $7.15 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Wells Fargo & Company MN grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,956 shares of the semiconductor company's stock after acquiring an additional 6,750 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Power Integrations worth $7,154,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 acquiring an additional 534 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. KBC Group NV increased its position in shares of Power Integrations by 43.0% in the fourth quarter. KBC Group NV now owns 2,549 shares of the semiconductor company's stock valued at $157,000 after acquiring an additional 767 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in Power Integrations during the fourth quarter worth about $210,000.

Power Integrations Price Performance

Power Integrations stock traded up $2.07 during mid-day trading on Thursday, hitting $49.23. 91,645 shares of the company's stock traded hands, compared to its average volume of 454,354. The firm has a 50 day simple moving average of $53.88 and a two-hundred day simple moving average of $59.68. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 86.39, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.71%. Power Integrations's payout ratio is currently 147.37%.

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the transaction, the chief financial officer now directly owns 110,394 shares of the company's stock, valued at approximately $6,706,435.50. This trade represents a 4.46 % 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 business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares of the company's stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

POWI has been the topic of several recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Stifel Nicolaus decreased their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three equities research 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 stock. According to data from MarketBeat.com, Power Integrations currently has an average rating of "Moderate Buy" and an average price target of $73.83.

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.