Robeco Schweiz AG Has $40.97 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Robeco Schweiz AG cut its position in Power Integrations, Inc. (NASDAQ:POWI) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 664,000 shares of the semiconductor company’s stock after selling 41,000 shares during the quarter. Robeco Schweiz AG owned about 1.17% of Power Integrations worth $40,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in shares of Power Integrations by 1,618.2% during 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. raised its holdings 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 in the last quarter. Truvestments Capital LLC acquired a new position in Power Integrations in the 3rd quarter valued at $87,000. KBC Group NV grew its stake in 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 acquiring an additional 432 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the last quarter.

Power Integrations Price Performance

POWI stock opened at $64.35 on Thursday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 112.90, a P/E/G ratio of 4.08 and a beta of 1.11. The business has a fifty day moving average price of $61.72 and a 200 day moving average price of $62.70. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its 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 return on equity of 4.48% and a net margin of 7.69%. On average, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

POWI has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Susquehanna decreased their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares of the company’s stock, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 over the last three months. 1.50% of the stock is owned by 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.