Tributary Capital Management LLC Has $19.76 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Tributary Capital Management LLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 320,245 shares of the semiconductor company's stock after acquiring an additional 40,529 shares during the quarter. Tributary Capital Management LLC owned approximately 0.56% of Power Integrations worth $19,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Power Integrations by 43.9% in the fourth 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 last quarter. Truvestments Capital LLC acquired a new position in shares of Power Integrations during the third quarter worth approximately $87,000. KBC Group NV grew its stake in shares of Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 432 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock valued at $141,000 after buying an additional 205 shares during the period.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Susquehanna decreased their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Stock Down 1.6 %

Shares of NASDAQ:POWI traded down $1.01 during midday trading on Friday, reaching $61.93. 499,929 shares of the company were exchanged, compared to its average volume of 311,895. The firm has a market cap of $3.52 billion, a PE ratio of 93.83, a P/E/G ratio of 4.10 and a beta of 1.12. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $85.00. The stock has a fifty day simple moving average of $63.10 and a two-hundred day simple moving average of $64.20.

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

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.21 per share. This is an increase from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, November 29th. Power Integrations's payout ratio is currently 127.27%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly 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. Insiders have sold a total of 18,655 shares of company stock worth $1,205,566 over the last ninety days. Insiders own 1.70% of the company's stock.

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.