Inspire Advisors LLC Invests $210,000 in Power Integrations, Inc. (NASDAQ:POWI)

Inspire Advisors LLC purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,396 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in Power Integrations by 1.1% during the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after acquiring an additional 27,488 shares during the last quarter. Wellington Management Group LLP boosted its stake in Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after acquiring an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after acquiring an additional 80,761 shares during the last quarter. Geode Capital Management LLC boosted its stake in Power Integrations by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after acquiring an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its stake in 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 acquiring an additional 14,530 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on POWI shares. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Transactions at Power Integrations

In related news, VP Clifford Walker sold 1,131 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the transaction, the vice president now directly owns 143,718 shares in the company, valued at approximately $8,337,081.18. The trade was a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

Power Integrations Stock Up 2.1 %

Shares of POWI stock opened at $56.62 on Thursday. The company’s fifty day simple moving average is $61.19 and its 200-day simple moving average is $62.39. The firm has a market cap of $3.22 billion, a PE ratio of 99.34, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 12 month low of $54.55 and a 12 month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is presently 147.37%.

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.