Vontobel Holding Ltd. Has $23.16 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Vontobel Holding Ltd. lowered its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 375,402 shares of the semiconductor company’s stock after selling 6,871 shares during the period. Vontobel Holding Ltd. owned about 0.66% of Power Integrations worth $23,162,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Integrations during the 4th quarter worth $288,000. Copeland Capital Management LLC raised its holdings in shares of Power Integrations by 1.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock worth $75,376,000 after buying an additional 14,530 shares in the last quarter. Caprock Group LLC increased its holdings in Power Integrations by 9.2% in the 4th quarter. Caprock Group LLC now owns 5,259 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 443 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares in the last quarter. Finally, KBC Group NV increased its holdings in Power Integrations by 43.0% in the 4th quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 767 shares in the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent research reports. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 0.3 %

Shares of POWI stock opened at $59.58 on Friday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 104.53, a PEG ratio of 3.96 and a beta of 1.11. The stock has a 50-day moving average of $61.91 and a 200-day moving average of $62.81. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $79.13.

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 the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. Sell-side analysts forecast that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Announces Dividend

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

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,151 shares of company stock worth $2,389,936 in the last 90 days. Corporate 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.