Power Integrations, Inc. (NASDAQ:POWI) Stock Position Reduced by Algert Global LLC

Algert Global LLC decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,131 shares of the semiconductor company’s stock after selling 6,791 shares during the quarter. Algert Global LLC’s holdings in Power Integrations were worth $1,489,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in POWI. Norges Bank bought a new stake in Power Integrations during the fourth quarter valued at $19,663,000. Federated Hermes Inc. raised its stake in Power Integrations by 40.0% during the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock worth $43,870,000 after acquiring an additional 203,309 shares during the period. JPMorgan Chase & Co. lifted its holdings in Power Integrations by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after acquiring an additional 178,896 shares during the last quarter. Snyder Capital Management L P boosted its stake in Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock valued at $54,451,000 after acquiring an additional 160,784 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Power Integrations during the fourth quarter valued at approximately $7,470,000.

Power Integrations Stock Performance

Shares of POWI opened at $54.15 on Friday. The stock’s fifty day moving average is $51.04 and its 200-day moving average is $58.63. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 95.00, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. Analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.55%. Power Integrations’s dividend payout ratio is currently 147.37%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on POWI shares. Stifel Nicolaus cut their price target on Power Integrations from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $73.83.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $65,609.31. Following the transaction, the vice president now owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 6,012 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.26, for a total value of $350,259.12. Following the sale, the chief executive officer now owns 605,365 shares of the company’s stock, valued at $35,268,564.90. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,974 shares of company stock valued at $1,853,615. 1.40% of the stock is owned by insiders.

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.