Wasatch Advisors LP Has $11.48 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Wasatch Advisors LP trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,040 shares of the semiconductor company's stock after selling 68,041 shares during the quarter. Wasatch Advisors LP owned about 0.31% of Power Integrations worth $11,480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC grew its position in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock worth $26,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. increased its stake in Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 161 shares during the period. First Horizon Advisors Inc. increased its stake in Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after acquiring an additional 205 shares during the period. Finally, Quest Partners LLC raised its holdings in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 240 shares in the last quarter.

Insider Activity

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now owns 86,375 shares in the company, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Clifford Walker sold 10,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company's stock, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,655 shares of company stock valued at $1,205,566 over the last quarter. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

POWI has been the topic of several analyst reports. Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Benchmark restated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Power Integrations Stock Performance

Shares of Power Integrations stock traded up $0.95 during midday trading on Friday, hitting $65.51. 225,952 shares of the company traded hands, compared to its average volume of 440,370. The firm's fifty day moving average price is $63.34 and its 200-day moving average price is $67.28. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 99.26, a PEG ratio of 7.09 and a beta of 1.10. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $89.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same quarter last year, the business posted $0.35 EPS. Power Integrations's revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts forecast that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. This is a boost from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations's payout ratio is 121.21%.

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.