Stephens Investment Management Group LLC Trims Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Stephens Investment Management Group LLC trimmed its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 566,446 shares of the semiconductor company’s stock after selling 1,031 shares during the quarter. Stephens Investment Management Group LLC owned 1.00% of Power Integrations worth $34,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in Power Integrations by 58.6% in the second quarter. Creative Planning now owns 12,459 shares of the semiconductor company’s stock valued at $874,000 after buying an additional 4,601 shares in the last quarter. SG Americas Securities LLC raised its position in Power Integrations by 9.1% during the third quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after acquiring an additional 536 shares during the period. Handelsbanken Fonder AB lifted its holdings in Power Integrations by 56.6% during the third quarter. Handelsbanken Fonder AB now owns 20,202 shares of the semiconductor company’s stock valued at $1,295,000 after purchasing an additional 7,300 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its position in shares of Power Integrations by 15.7% in the third quarter. Guinness Atkinson Asset Management Inc now owns 4,290 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 582 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of Power Integrations by 27.5% during the third quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 1,548 shares in the last quarter.

Insider Transactions at Power Integrations

In related news, VP Clifford Walker sold 10,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,680 shares of company stock valued at $2,420,526. 1.70% of the stock is currently owned by company insiders.

Power Integrations Trading Down 1.8 %

Shares of NASDAQ:POWI opened at $59.68 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 104.70, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The business has a 50-day moving average price of $62.48 and a 200 day moving average price of $63.29.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data 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 net margin of 7.69% and a return on equity of 4.49%. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

Wall Street Analysts Forecast Growth

POWI has been the subject of several research reports. Susquehanna dropped their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

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.