GW&K Investment Management LLC Sells 40,543 Shares of Power Integrations Inc (POWI)

GW&K Investment Management LLC lessened its holdings in Power Integrations Inc (NASDAQ:POWI) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 687,627 shares of the semiconductor company’s stock after selling 40,543 shares during the period. Power Integrations makes up approximately 0.9% of GW&K Investment Management LLC’s portfolio, making the stock its 26th largest position. GW&K Investment Management LLC’s holdings in Power Integrations were worth $50,575,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisor Group Inc. boosted its position in Power Integrations by 14.5% in the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 231 shares during the period. Riverhead Capital Management LLC boosted its position in Power Integrations by 71.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 997 shares during the period. Ameritas Investment Partners Inc. boosted its position in Power Integrations by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 150 shares during the period. Victory Capital Management Inc. boosted its position in Power Integrations by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,601 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 391 shares during the period. Finally, Jane Street Group LLC purchased a new position in Power Integrations in the 3rd quarter valued at approximately $205,000. 97.25% of the stock is owned by institutional investors.

In other news, VP Ben Sutherland sold 500 shares of Power Integrations stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. Following the completion of the sale, the vice president now directly owns 40,965 shares of the company’s stock, valued at approximately $3,259,994.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 51,350 shares of Power Integrations stock in a transaction on Monday, November 6th. The stock was sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the sale, the chief executive officer now directly owns 268,226 shares of the company’s stock, valued at $21,648,520.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,089 shares of company stock valued at $5,077,253. Corporate insiders own 4.30% of the company’s stock.

Several equities analysts have commented on POWI shares. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, December 19th. Drexel Hamilton reissued a “buy” rating and issued a $84.00 price target on shares of Power Integrations in a research report on Friday, October 27th. BidaskClub cut shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Susquehanna Bancshares started coverage on shares of Power Integrations in a research report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price target for the company. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Power Integrations in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Power Integrations has a consensus rating of “Hold” and an average price target of $81.40.

Power Integrations Inc (NASDAQ POWI) traded down $0.20 during trading on Friday, hitting $77.25. 132,374 shares of the stock traded hands, compared to its average volume of 81,331. The stock has a market cap of $2,300.00, a PE ratio of 40.23 and a beta of 1.27. Power Integrations Inc has a 1-year low of $61.44 and a 1-year high of $86.60.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The business had revenue of $111.30 million during the quarter, compared to analysts’ expectations of $111.82 million. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. analysts anticipate that Power Integrations Inc will post 2.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. Power Integrations’s dividend payout ratio (DPR) is currently 29.17%.

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About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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