Power Integrations, Inc. (NASDAQ:POWI) Stock Position Decreased by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd cut its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,654 shares of the semiconductor company’s stock after selling 15,396 shares during the period. Power Integrations makes up about 2.4% of Montanaro Asset Management Ltd’s holdings, making the stock its 18th biggest position. Montanaro Asset Management Ltd owned 0.33% of Power Integrations worth $11,702,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of POWI. Smartleaf Asset Management LLC lifted its stake in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc raised its position in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares during the period. UMB Bank n.a. grew its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Truvestments Capital LLC acquired a new position in Power Integrations in the 3rd quarter valued at approximately $87,000. Finally, KBC Group NV boosted its stake in shares of Power Integrations by 43.0% during the 4th quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 767 shares during the period.

Insider Buying and Selling

In other news, CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the transaction, the chief financial officer now owns 112,653 shares in the company, valued at approximately $6,535,000.53. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 0.7 %

NASDAQ:POWI opened at $55.35 on Thursday. The firm has a market capitalization of $3.15 billion, a PE ratio of 97.11, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 1 year low of $54.04 and a 1 year high of $79.13. The firm’s fifty day simple moving average is $60.05 and its 200 day simple moving average is $61.83.

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

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.52%. Power Integrations’s payout ratio is 147.37%.

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.