Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,696 shares of the semiconductor company's stock after acquiring an additional 10,474 shares during the quarter. Stifel Financial Corp owned about 0.19% of Power Integrations worth $6,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in Power Integrations by 28.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,049 shares of the semiconductor company's stock valued at $565,000 after buying an additional 1,762 shares during the last quarter. Raymond James & Associates boosted its stake in Power Integrations by 12.9% in the 2nd quarter. Raymond James & Associates now owns 22,817 shares of the semiconductor company's stock worth $1,602,000 after purchasing an additional 2,609 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Power Integrations by 2.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,511 shares of the semiconductor company's stock worth $878,000 after purchasing an additional 248 shares during the last quarter. Fifth Third Bancorp increased its stake in Power Integrations by 8.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company's stock valued at $126,000 after purchasing an additional 135 shares in the last quarter. Finally, Nicholas Company Inc. raised its holdings in shares of Power Integrations by 7.6% in the second quarter. Nicholas Company Inc. now owns 289,911 shares of the semiconductor company's stock worth $20,349,000 after buying an additional 20,486 shares during the last quarter.

Power Integrations Price Performance

NASDAQ:POWI traded down $1.09 during mid-day trading on Friday, hitting $64.73. The company's stock had a trading volume of 448,924 shares, compared to its average volume of 404,952. The business's fifty day moving average is $63.84 and its two-hundred day moving average is $66.42. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 98.08, a PEG ratio of 7.09 and a beta of 1.12. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company's revenue was down 7.7% compared to the same quarter last year. Analysts anticipate that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.21 dividend. This is a boost from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations's payout ratio is currently 127.27%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the sale, the vice president now owns 130,934 shares of the company's stock, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now owns 86,375 shares of the company's stock, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,655 shares of company stock valued at $1,205,566. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on POWI shares. Benchmark reissued a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Susquehanna cut their price objective on Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Three research 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 stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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.