Power Integrations, Inc. (NASDAQ:POWI) Stock Holdings Lowered by Scout Investments Inc.

Scout Investments Inc. lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,260 shares of the semiconductor company’s stock after selling 1,483 shares during the period. Scout Investments Inc. owned 0.17% of Power Integrations worth $7,740,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Power Integrations by 5.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after buying an additional 123,988 shares in the last quarter. Jump Financial LLC grew its position in Power Integrations by 609.6% in the 4th quarter. Jump Financial LLC now owns 38,725 shares of the semiconductor company’s stock valued at $3,180,000 after buying an additional 33,268 shares in the last quarter. Vontobel Holding Ltd. grew its position in Power Integrations by 6.4% in the 4th quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock valued at $42,809,000 after buying an additional 31,260 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Power Integrations by 2,011.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock valued at $21,427,000 after buying an additional 248,591 shares in the last quarter. Finally, Fiera Capital Corp grew its position in Power Integrations by 2.1% in the 3rd quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock valued at $38,399,000 after buying an additional 10,271 shares in the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ:POWI traded down $1.02 during trading hours on Friday, hitting $74.57. 186,451 shares of the company’s stock traded hands, compared to its average volume of 321,850. Power Integrations, Inc. has a 52 week low of $62.13 and a 52 week high of $99.60. The company’s fifty day simple moving average is $71.71 and its two-hundred day simple moving average is $74.82. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 81.06, a price-to-earnings-growth ratio of 4.10 and a beta of 1.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The company had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. On average, analysts anticipate that Power Integrations, Inc. will post 0.74 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, May 31st. Power Integrations’s dividend payout ratio is presently 86.96%.

Analyst Ratings Changes

POWI has been the subject of a number of recent analyst reports. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research report on Monday, February 26th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.40.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at $37,883,766.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sandeep Nayyar sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total transaction of $392,500.00. Following the completion of the sale, the chief financial officer now directly owns 85,198 shares in the company, valued at $6,688,043. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the sale, the chief executive officer now owns 552,161 shares of the company’s stock, valued at $37,883,766.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,682 shares of company stock valued at $3,339,465. 1.70% of the stock is currently owned by corporate 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.