Proficio Capital Partners LLC Invests $2.12 Million in Power Integrations, Inc. (NASDAQ:POWI)

Proficio Capital Partners LLC purchased a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the fourth quarter, according to the company in its most recent disclosure 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atria Investments Inc raised its position in shares of Power Integrations by 10.6% in the 3rd quarter. Atria Investments Inc now owns 7,483 shares of the semiconductor company's stock worth $480,000 after acquiring an additional 717 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Power Integrations by 6.3% in the 3rd quarter. Victory Capital Management Inc. now owns 12,589 shares of the semiconductor company's stock worth $807,000 after acquiring an additional 744 shares in the last quarter. KBC Group NV raised its position in shares of Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 432 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Power Integrations in the 3rd quarter worth approximately $2,754,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock worth $2,684,000 after acquiring an additional 28,548 shares in the last quarter.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on POWI. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark reissued a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the sale, the chief financial officer now owns 112,653 shares in the company, valued at approximately $6,535,000.53. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,544 shares of company stock worth $2,433,105. Insiders own 1.70% of the company's stock.

Power Integrations Stock Performance

Shares of Power Integrations stock traded down $0.71 during midday trading on Friday, hitting $54.88. The company had a trading volume of 808,084 shares, compared to its average volume of 412,836. The stock has a market capitalization 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. The company has a 50 day moving average of $60.39 and a 200 day moving average of $61.91. Power Integrations, Inc. has a 52-week low of $54.04 and a 52-week 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 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%. Equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.53%. Power Integrations's dividend payout ratio is 147.37%.

Power Integrations Company 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.