Ontario Teachers Pension Plan Board Purchases Shares of 4,801 Power Integrations, Inc. (NASDAQ:POWI)

Ontario Teachers Pension Plan Board purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,801 shares of the semiconductor company’s stock, valued at approximately $296,000.

Several other hedge funds have also recently made changes to their positions in POWI. MML Investors Services LLC boosted its holdings in shares of Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after buying an additional 207 shares in the last quarter. Barclays PLC boosted its holdings in Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after acquiring an additional 114,644 shares in the last quarter. Geode Capital Management LLC grew its stake in Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after acquiring an additional 63,150 shares during the period. Tidal Investments LLC grew its stake in Power Integrations by 22.8% in the third quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company’s stock valued at $805,000 after acquiring an additional 2,331 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on POWI shares. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their target price on shares of Power Integrations from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.83.

Power Integrations Stock Performance

NASDAQ:POWI opened at $45.40 on Friday. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The firm has a 50-day moving average price of $54.91 and a two-hundred day moving average price of $60.14. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 79.65, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 in the last quarter. Insiders own 1.70% of the company’s stock.

Power Integrations Profile

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.