Power Integrations Inc (POWI) Holdings Cut by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in shares of Power Integrations Inc (NASDAQ:POWI) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,062 shares of the semiconductor company’s stock after selling 1,320 shares during the period. Prudential Financial Inc. owned approximately 0.16% of Power Integrations worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Power Integrations by 4.6% during the third quarter. BlackRock Inc. now owns 4,201,112 shares of the semiconductor company’s stock worth $265,510,000 after buying an additional 183,418 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Power Integrations by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 2,929,628 shares of the semiconductor company’s stock worth $185,153,000 after buying an additional 37,365 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Power Integrations by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,898,935 shares of the semiconductor company’s stock worth $183,212,000 after buying an additional 36,227 shares during the last quarter. Vanguard Group Inc boosted its holdings in Power Integrations by 1.3% during the third quarter. Vanguard Group Inc now owns 2,898,935 shares of the semiconductor company’s stock worth $183,212,000 after buying an additional 36,227 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 3.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,719,472 shares of the semiconductor company’s stock worth $108,671,000 after buying an additional 60,882 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

In related news, Director William George sold 1,756 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $70.00, for a total value of $122,920.00. Following the sale, the director now owns 30,574 shares of the company’s stock, valued at approximately $2,140,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Mh Matthews sold 1,309 shares of Power Integrations stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $72.92, for a total value of $95,452.28. Following the completion of the sale, the vice president now directly owns 59,907 shares in the company, valued at approximately $4,368,418.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,965 shares of company stock worth $5,123,593. 4.00% of the stock is currently owned by insiders.

POWI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. BidaskClub lowered Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. TheStreet raised Power Integrations from a “c+” rating to a “b-” rating in a research report on Tuesday, December 18th. ValuEngine lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Finally, Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $78.50.

NASDAQ POWI opened at $71.63 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 33.47 and a beta of 1.06. Power Integrations Inc has a one year low of $47.35 and a one year high of $80.50.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 7th. The semiconductor company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.24. The company had revenue of $93.30 million for the quarter, compared to analyst estimates of $97.12 million. Power Integrations had a return on equity of 12.19% and a net margin of 16.83%. Power Integrations’s revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Research analysts forecast that Power Integrations Inc will post 1.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.16. Power Integrations’s dividend payout ratio (DPR) is currently 31.78%.

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Power Integrations Company Profile

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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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

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