Dundas Partners LLP Grows Position in Power Integrations, Inc. (NASDAQ:POWI)

Dundas Partners LLP lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,055 shares of the semiconductor company’s stock after purchasing an additional 475 shares during the quarter. Dundas Partners LLP’s holdings in Power Integrations were worth $312,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Power Integrations in the fourth quarter worth $7,470,000. Barclays PLC increased its stake in Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after acquiring an additional 114,644 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in Power Integrations by 37.3% during the third quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company’s stock worth $16,031,000 after purchasing an additional 68,502 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

Shares of POWI stock opened at $62.78 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 110.14, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The stock has a 50 day moving average price of $61.36 and a two-hundred day moving average price of $62.55.

Power Integrations (NASDAQ:POWI) last posted 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 net margin of 7.69% and a return on equity of 4.48%. As a group, equities analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. Power Integrations’s dividend payout ratio is presently 147.37%.

Insider Buying and Selling at Power Integrations

In other news, CFO Sandeep Nayyar sold 5,152 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 in the last 90 days. Insiders own 1.50% 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.