Power Integrations, Inc. (NASDAQ:POWI) Holdings Raised by Snyder Capital Management L P

Snyder Capital Management L P grew its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,518 shares of the semiconductor company's stock after purchasing an additional 160,784 shares during the quarter. Snyder Capital Management L P owned approximately 1.55% of Power Integrations worth $54,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in Power Integrations by 3.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 31,114 shares of the semiconductor company's stock valued at $1,920,000 after purchasing an additional 1,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Power Integrations by 15.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,414 shares of the semiconductor company's stock valued at $2,741,000 after buying an additional 5,853 shares during the period. Pinebridge Investments L.P. boosted its position in Power Integrations by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 29,126 shares of the semiconductor company's stock worth $1,797,000 after acquiring an additional 8,713 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Power Integrations by 136.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the semiconductor company's stock worth $241,000 after acquiring an additional 2,250 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in Power Integrations in the 4th quarter valued at $1,137,000.

Insider Activity

In related news, CEO Balu Balakrishnan sold 12,507 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,105 shares of company stock valued at $3,075,198. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on POWI. Stifel Nicolaus reduced their target price on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Finally, StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Stock Performance

Shares of POWI stock traded down $1.28 during trading hours on Tuesday, hitting $49.19. 450,212 shares of the company were exchanged, compared to its average volume of 454,849. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The business's 50-day simple moving average is $53.18 and its two-hundred day simple moving average is $59.38. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 86.30, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 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%. As a group, analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.71%. Power Integrations's dividend payout ratio (DPR) is presently 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.