Wasatch Advisors LP Sells 11,693 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Wasatch Advisors LP trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 265,046 shares of the semiconductor company’s stock after selling 11,693 shares during the quarter. Wasatch Advisors LP owned about 0.47% of Power Integrations worth $21,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Power Integrations during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its stake in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Power Integrations in the 3rd quarter worth $65,000. Headlands Technologies LLC raised its stake in shares of Power Integrations by 374.6% in the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 854 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new position in shares of Power Integrations during the fourth quarter valued at $204,000.

Power Integrations Trading Down 1.7 %

Power Integrations stock traded down $1.25 during midday trading on Tuesday, hitting $72.85. The stock had a trading volume of 5,332 shares, compared to its average volume of 390,026. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $99.60. The company has a market capitalization of $4.13 billion, a PE ratio of 80.54, a P/E/G ratio of 4.10 and a beta of 1.18. The firm’s fifty day moving average is $71.78 and its two-hundred day moving average is $74.79.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The firm had revenue of $91.69 million during the quarter, compared to analysts’ expectations of $89.98 million. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.74 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.10%. Power Integrations’s dividend payout ratio is presently 86.96%.

Insider Activity

In related news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations 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 approximately $37,883,766.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Clifford Walker sold 1,096 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the completion of the transaction, the vice president now directly owns 140,834 shares of the company’s stock, valued at $9,723,179.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 9,799 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The disclosure for this sale can be found here. Insiders have sold 44,682 shares of company stock worth $3,339,465 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a report on Monday, February 26th. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and a consensus target price of $87.40.

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.