Congress Wealth Management LLC DE Has $4.31 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Congress Wealth Management LLC DE decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 13.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 69,895 shares of the semiconductor company’s stock after selling 10,792 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Power Integrations were worth $4,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWI. Vanguard Group Inc. lifted its position in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after purchasing an additional 114,047 shares during the period. LPL Financial LLC lifted its holdings in Power Integrations by 14.8% in the fourth quarter. LPL Financial LLC now owns 18,707 shares of the semiconductor company’s stock valued at $1,154,000 after buying an additional 2,407 shares during the period. KLP Kapitalforvaltning AS bought a new position in Power Integrations in the fourth quarter valued at approximately $697,000. Sei Investments Co. grew its holdings in Power Integrations by 4.9% during the 4th quarter. Sei Investments Co. now owns 96,598 shares of the semiconductor company’s stock worth $5,960,000 after acquiring an additional 4,477 shares during the period. Finally, Xponance Inc. raised its position in shares of Power Integrations by 4.8% during the 4th quarter. Xponance Inc. now owns 8,027 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 371 shares during the last quarter.

Insider Activity at Power Integrations

In other news, CFO Sandeep Nayyar sold 1,877 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 value of $108,884.77. Following the sale, the chief financial officer now owns 112,653 shares of the company’s stock, valued at $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is owned by corporate insiders.

Power Integrations Trading Down 1.3 %

POWI stock opened at $55.74 on Wednesday. Power Integrations, Inc. has a 1-year low of $54.04 and a 1-year high of $79.13. The business’s 50-day moving average price is $60.20 and its two-hundred day moving average price is $61.88. The firm has a market cap of $3.17 billion, a PE ratio of 97.79, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) 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 4.48%. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. Power Integrations’s payout ratio is 147.37%.

Analysts Set New Price Targets

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