T. Rowe Price Investment Management Inc. Sells 336,454 Shares of Power Integrations, Inc. (NASDAQ:POWI)

T. Rowe Price Investment Management Inc. lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 991,186 shares of the semiconductor company's stock after selling 336,454 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.74% of Power Integrations worth $61,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of POWI. Smartleaf Asset Management LLC boosted its stake in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc lifted its stake in 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 last quarter. UMB Bank n.a. boosted its position in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after buying an additional 385 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after buying an additional 234 shares in the last quarter.

Insider Transactions at Power Integrations

In other news, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations 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 completion of the sale, the chief financial officer now owns 112,653 shares in the company, valued at $6,535,000.53. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 52,105 shares of company stock valued at $3,075,198. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective 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. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Power Integrations has an average rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Price Performance

Shares of Power Integrations stock traded down $0.21 during midday trading on Monday, reaching $50.47. The company had a trading volume of 477,167 shares, compared to its average volume of 454,868. The stock has a fifty day moving average price of $53.18 and a 200 day moving average price of $59.38. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The firm has a market cap of $2.87 billion, a PE ratio of 88.55, 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 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.