Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP trimmed its position in Power Integrations, Inc. (NASDAQ:POWI) by 27.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,040 shares of the semiconductor company’s stock after selling 68,041 shares during the period. Wasatch Advisors LP owned approximately 0.31% of Power Integrations worth $11,480,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Power Integrations by 55.6% in the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock worth $2,138,000 after purchasing an additional 12,297 shares during the period. GSA Capital Partners LLP lifted its position in Power Integrations by 97.5% in the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock worth $1,669,000 after purchasing an additional 12,847 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Power Integrations by 214.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after purchasing an additional 28,548 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Power Integrations in the second quarter worth approximately $699,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Power Integrations by 10.9% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 234,418 shares of the semiconductor company’s stock worth $16,454,000 after purchasing an additional 23,056 shares during the period.

Power Integrations Stock Up 1.5 %

Shares of NASDAQ:POWI opened at $65.51 on Friday. The company’s fifty day moving average is $63.34 and its two-hundred day moving average is $67.35. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The company has a market cap of $3.73 billion, a P/E ratio of 99.26, a price-to-earnings-growth ratio of 7.09 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Equities research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s payout ratio is 121.21%.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,655 shares of company stock valued at $1,205,566. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on POWI shares. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Susquehanna dropped their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. Finally, Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average target price of $78.00.

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.