Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 664,000 shares of the semiconductor company's stock after selling 41,000 shares during the period. Robeco Schweiz AG owned 1.17% of Power Integrations worth $40,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings 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. First Horizon Advisors Inc. raised its stake in Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 205 shares during the period. MML Investors Services LLC boosted its holdings in shares of Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock valued at $400,000 after purchasing an additional 207 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after buying an additional 230 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of Power Integrations by 5.8% during the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company's stock worth $297,000 after buying an additional 255 shares during the last quarter.

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Power Integrations Trading Up 0.3 %

NASDAQ:POWI traded up $0.20 during trading hours on Friday, hitting $60.80. The stock had a trading volume of 466,031 shares, compared to its average volume of 512,901. The business has a 50 day simple moving average of $61.69 and a two-hundred day simple moving average of $62.69. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $79.13. The company has a market cap of $3.46 billion, a PE ratio of 106.67, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (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%. Research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 1,131 shares of the 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 $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares in the company, valued at approximately $8,337,081.18. This represents a 0.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares of the company's stock, 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. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on POWI. Benchmark restated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Susquehanna cut their target price on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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.