Fiera Capital Corp Lowers Position in Power Integrations, Inc. (NASDAQ:POWI)

Fiera Capital Corp lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 466,560 shares of the semiconductor company’s stock after selling 13,381 shares during the period. Fiera Capital Corp owned about 0.82% of Power Integrations worth $28,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of POWI. SG Americas Securities LLC boosted its position in Power Integrations by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 536 shares in the last quarter. Creative Planning grew its stake in Power Integrations by 19.5% in the third quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after purchasing an additional 2,430 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Power Integrations by 5.2% in the third quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock worth $24,511,000 after purchasing an additional 18,827 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Power Integrations during the third quarter valued at about $202,000. Finally, nVerses Capital LLC bought a new stake in shares of Power Integrations in the 3rd quarter valued at about $359,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on POWI shares. Susquehanna reduced their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Performance

NASDAQ POWI opened at $59.77 on Friday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 104.86, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13. The firm has a 50 day simple moving average of $62.04 and a 200-day simple moving average of $62.93.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 net margin of 7.69% and a return on equity of 4.49%. Equities analysts predict that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the transaction, the vice president now directly owns 143,718 shares of the company’s stock, valued at $8,337,081.18. This represents a 0.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 6,012 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.26, for a total transaction of $350,259.12. Following the completion of the transaction, the chief executive officer now directly owns 605,365 shares of the company’s stock, valued at approximately $35,268,564.90. This trade represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,151 shares of company stock worth $2,389,936. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Company 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.