Mutual of America Capital Management LLC Sells 2,167 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Mutual of America Capital Management LLC trimmed its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,160 shares of the semiconductor company’s stock after selling 2,167 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Power Integrations worth $2,887,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in POWI. Raymond James & Associates raised its holdings in shares of Power Integrations by 27.0% in the first quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company’s stock valued at $3,871,000 after buying an additional 8,880 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Power Integrations by 15.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company’s stock valued at $348,000 after buying an additional 504 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Power Integrations by 10.5% in the first quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company’s stock valued at $1,372,000 after buying an additional 1,339 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Power Integrations by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company’s stock valued at $2,009,000 after buying an additional 1,678 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Power Integrations by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company’s stock valued at $3,094,000 after buying an additional 1,927 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Balu Balakrishnan sold 9,799 shares of the 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 completion of the sale, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Balu Balakrishnan sold 9,799 shares of the 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 completion of the sale, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Clifford Walker sold 1,096 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the sale, the vice president now directly owns 140,834 shares of the company’s stock, valued at $9,723,179.36. The disclosure for this sale can be found here. In the last three months, insiders sold 57,411 shares of company stock valued at $4,203,262. 1.70% of the stock is owned by corporate insiders.

Power Integrations Price Performance

Shares of POWI stock opened at $63.96 on Friday. The stock has a market cap of $3.64 billion, a PE ratio of 65.94 and a beta of 1.21. The stock has a 50-day moving average of $71.30 and a 200-day moving average of $75.05. Power Integrations, Inc. has a one year low of $63.85 and a one year high of $99.60.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $89.51 million during the quarter, compared to analysts’ expectations of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. Power Integrations’s payout ratio is 82.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on POWI. TD Cowen lifted their price objective on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Northland Securities raised 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. Stifel Nicolaus boosted their price objective on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Benchmark boosted their price objective on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Power Integrations presently has an average rating of “Moderate Buy” and a consensus price target of $86.17.

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.