Victory Capital Management Inc. Has $1.06 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Victory Capital Management Inc. boosted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 36.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,185 shares of the semiconductor company's stock after purchasing an additional 4,596 shares during the period. Victory Capital Management Inc.'s holdings in Power Integrations were worth $1,060,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of POWI. Smartleaf Asset Management LLC lifted its stake in Power Integrations by 110.6% in the 4th 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 Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 534 shares during the last quarter. UMB Bank n.a. lifted its position in Power Integrations by 43.9% during the fourth 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 last quarter. Truvestments Capital LLC acquired a new stake in Power Integrations during the third quarter worth approximately $87,000. Finally, KBC Group NV lifted its position in Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 432 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on POWI. Benchmark restated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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Insider Activity at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock valued at $2,433,105 over the last three months. 1.70% of the stock is owned by insiders.

Power Integrations Stock Performance

Shares of NASDAQ POWI traded down $0.71 during midday trading on Friday, reaching $54.88. The company's stock had a trading volume of 808,084 shares, compared to its average volume of 412,836. The business's 50 day moving average price is $60.39 and its two-hundred day moving average price is $61.91. The company has a market cap of $3.12 billion, a P/E ratio of 96.28, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $54.04 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.69% and a return on equity of 4.48%. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. Power Integrations's dividend payout ratio (DPR) is 147.37%.

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.