7,014 Shares in Power Integrations, Inc. (NASDAQ:POWI) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,014 shares of the semiconductor company’s stock, valued at approximately $433,000.

Several other hedge funds also recently made changes to their positions in POWI. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc grew its position in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. increased 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 valued at $39,000 after purchasing an additional 192 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 385 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock worth $100,000 after buying an additional 234 shares during the period.

Wall Street Analysts Forecast Growth

POWI has been the subject of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Stifel Nicolaus decreased their price target on Power Integrations from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.83.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the transaction, the vice president now owns 142,145 shares of the company’s stock, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock valued at $3,075,198 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $45.40 on Friday. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The firm has a market capitalization of $2.58 billion, a P/E ratio of 79.65, a PEG ratio of 4.08 and a beta of 1.32. The company’s fifty day moving average is $54.91 and its two-hundred day moving average is $60.14.

Power Integrations (NASDAQ:POWI) last released 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, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

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.