Global Alpha Capital Management Ltd. Purchases 1,440 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Global Alpha Capital Management Ltd. lifted its stake in Power Integrations, Inc. (NASDAQ:POWI) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,515 shares of the semiconductor company’s stock after acquiring an additional 1,440 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in Power Integrations were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its stake in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. lifted its stake in 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 period. Truvestments Capital LLC purchased a new stake in shares of Power Integrations during the third quarter valued at about $87,000. Finally, KBC Group NV lifted its position 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 buying an additional 432 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Three equities 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 company’s stock. According to data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $62.78 on Friday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $79.13. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 110.14, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business’s 50 day moving average price is $61.37 and its 200-day moving average price is $62.58.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 4.48%. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insiders Place Their Bets

In related news, VP Clifford Walker sold 2,472 shares of the firm’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 $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 in the last three months. 1.50% of the stock is currently owned by insiders.

Power Integrations 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.