Montanaro Asset Management Ltd Lowers Position in Power Integrations, Inc. (NASDAQ:POWI)

Montanaro Asset Management Ltd trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,654 shares of the semiconductor company's stock after selling 15,396 shares during the period. Power Integrations comprises approximately 2.4% of Montanaro Asset Management Ltd's investment portfolio, making the stock its 18th largest holding. Montanaro Asset Management Ltd owned 0.33% of Power Integrations worth $11,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in POWI. Smartleaf Asset Management LLC lifted its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 192 shares during the period. Truvestments Capital LLC purchased a new stake in Power Integrations in the 3rd quarter worth about $87,000. Finally, KBC Group NV raised its stake in Power Integrations by 43.0% in the 4th 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 period.

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Insider Buying and Selling

In other Power Integrations news, CFO Sandeep Nayyar sold 1,877 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now owns 112,653 shares of the company's stock, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 over the last three months. 1.70% of the stock is owned by company insiders.

Power Integrations Stock Performance

Shares of POWI stock traded down $0.91 on Monday, hitting $50.07. 122,002 shares of the company's stock traded hands, compared to its average volume of 427,831. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 87.84, a P/E/G ratio of 4.08 and a beta of 1.11. The company's fifty day simple moving average is $59.70 and its 200 day simple moving average is $61.78. Power Integrations, Inc. has a one year low of $49.71 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 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, sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations's dividend payout ratio is 147.37%.

Wall Street Analysts Forecast Growth

POWI has been the topic of several recent research reports. StockNews.com upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Benchmark restated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

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.