CIBC Private Wealth Group LLC Sells 9,145 Shares of Power Integrations, Inc. (NASDAQ:POWI)

CIBC Private Wealth Group LLC trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 90.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 991 shares of the semiconductor company's stock after selling 9,145 shares during the period. CIBC Private Wealth Group LLC's holdings in Power Integrations were worth $61,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in Power Integrations by 43.9% in the fourth 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 period. MML Investors Services LLC boosted its position in shares of Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 207 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock worth $523,000 after buying an additional 230 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after buying an additional 282 shares in the last quarter. Finally, US Bancorp DE raised its stake in Power Integrations by 3.3% during the fourth quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company's stock valued at $679,000 after buying an additional 353 shares during the last quarter.

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Power Integrations Stock Up 1.6 %

POWI traded up $0.70 during midday trading on Monday, hitting $45.79. 31,950 shares of the company traded hands, compared to its average volume of 562,231. The company's 50-day moving average is $56.09 and its 200 day moving average is $60.60. The firm has a market capitalization of $2.60 billion, a PE ratio of 80.34, 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.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its 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%. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the sale, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction on 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 owns 110,394 shares in the company, valued at approximately $6,706,435.50. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 in the last three months. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on POWI shares. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Benchmark reissued a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Three 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's stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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.