Riverbridge Partners LLC Has $31.92 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Riverbridge Partners LLC reduced its position in Power Integrations, Inc. (NASDAQ:POWI) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 517,351 shares of the semiconductor company’s stock after selling 45,302 shares during the quarter. Riverbridge Partners LLC owned approximately 0.91% of Power Integrations worth $31,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 534 shares in the last quarter. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC acquired a new stake in Power Integrations during the third quarter valued at approximately $87,000. KBC Group NV grew its stake in shares of Power Integrations by 32.0% in the 3rd 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 period. Finally, First Horizon Advisors Inc. raised its holdings 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 worth $141,000 after buying an additional 205 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on POWI. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Susquehanna reduced their target price 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $62.93 on Thursday. The firm has a 50 day simple moving average of $63.05 and a 200 day simple moving average of $64.33. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $85.00. The firm has a market cap of $3.58 billion, a P/E ratio of 95.35, a P/E/G ratio of 4.13 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter last year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.21 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. Power Integrations’s payout ratio is 127.27%.

Insider Buying and Selling

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

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.