Semanteon Capital Management LP Sells 6,782 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Semanteon Capital Management LP lowered its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,531 shares of the semiconductor company's stock after selling 6,782 shares during the period. Semanteon Capital Management LP's holdings in Power Integrations were worth $773,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. increased its stake in 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 purchasing an additional 192 shares in the last quarter. Truvestments Capital LLC bought a new stake in Power Integrations during the 3rd quarter worth approximately $87,000. Finally, KBC Group NV raised its holdings in Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock worth $114,000 after buying an additional 432 shares during the period.

Power Integrations Trading Down 0.7 %

Shares of NASDAQ:POWI traded down $0.39 during trading on Wednesday, reaching $55.35. 258,523 shares of the stock were exchanged, compared to its average volume of 412,048. Power Integrations, Inc. has a 12 month low of $54.04 and a 12 month high of $79.13. The stock has a 50-day moving average price of $60.20 and a 200-day moving average price of $61.88. The firm has a market cap of $3.15 billion, a PE ratio of 97.11, a PEG ratio of 4.08 and a beta of 1.11.

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Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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%. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal 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 given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, February 28th. Power Integrations's dividend payout ratio is presently 147.37%.

Insider Buying and Selling

In other news, VP Clifford Walker sold 2,472 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 45,295 shares of the company's stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. 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 three months. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

POWI has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.