Proficio Capital Partners LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 34,367 shares of the semiconductor company's stock, valued at approximately $2,120,000. Proficio Capital Partners LLC owned about 0.06% of Power Integrations at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Power Integrations by 18.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,217 shares of the semiconductor company's stock valued at $334,000 after buying an additional 798 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Power Integrations by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 6,587 shares of the semiconductor company's stock valued at $422,000 after buying an additional 445 shares in the last quarter. Stephens Inc. AR lifted its stake in Power Integrations by 5.8% during the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company's stock valued at $297,000 after buying an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Power Integrations by 166.5% during the third quarter. Harbor Capital Advisors Inc. now owns 28,293 shares of the semiconductor company's stock valued at $1,814,000 after buying an additional 17,677 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Power Integrations by 55.6% during the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company's stock valued at $2,138,000 after buying an additional 12,297 shares in the last quarter.
Insider Buying and Selling
In related news, 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 transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,544 shares of company stock worth $2,433,105. Insiders own 1.50% of the company's stock.
Power Integrations Stock Performance
Shares of NASDAQ POWI traded up $3.11 during mid-day trading on Friday, reaching $62.78. The company had a trading volume of 548,132 shares, compared to its average volume of 513,801. The stock has a fifty day moving average of $61.36 and a two-hundred day moving average of $62.55. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 110.14, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $79.13.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly 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%. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.
Power Integrations Announces Dividend
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 issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. Power Integrations's dividend payout ratio is currently 147.37%.
Wall Street Analysts Forecast Growth
POWI has been the subject of a number of analyst reports. Benchmark reaffirmed a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Power Integrations presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.
Read Our Latest Stock Analysis on POWI
Power Integrations Company Profile
(
Free Report)
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.
Further Reading
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