Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 246,006 shares of the semiconductor company’s stock after selling 6,178 shares during the quarter. WCM Investment Management LLC’s holdings in Power Integrations were worth $15,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Power Integrations by 9.1% in the third quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after buying an additional 536 shares during the period. Inspire Investing LLC boosted its holdings in Power Integrations by 27.5% in the 3rd quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock worth $460,000 after acquiring an additional 1,548 shares during the period. Creative Planning grew its position in Power Integrations by 19.5% in the third quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after acquiring an additional 2,430 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Power Integrations by 5.2% during the third quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock valued at $24,511,000 after purchasing an additional 18,827 shares during the period. Finally, Heritage Family Offices LLP acquired a new position in shares of Power Integrations during the third quarter worth $202,000.

Insider Activity

In other news, CFO Sandeep Nayyar sold 5,152 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the transaction, the chief financial officer now owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,131 shares of company stock valued at $1,865,182. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

NASDAQ:POWI opened at $59.68 on Monday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $85.00. The stock has a 50-day simple moving average of $62.48 and a 200 day simple moving average of $63.15.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. Power Integrations’s payout ratio is currently 147.37%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna lowered their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.