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

Fiera Capital Corp lowered its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,560 shares of the semiconductor company’s stock after selling 13,381 shares during the period. Fiera Capital Corp’s holdings in Power Integrations were worth $28,787,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in POWI. Versant Capital Management Inc grew its position in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 534 shares in the last quarter. UMB Bank n.a. lifted its holdings in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 192 shares during the last quarter. Truvestments Capital LLC acquired a new position in Power Integrations during the 3rd quarter valued at approximately $87,000. KBC Group NV boosted its holdings in shares of Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 432 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 205 shares during the period.

Power Integrations Stock Up 1.2 %

Shares of Power Integrations stock opened at $59.77 on Friday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 104.86, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The company has a 50-day simple moving average of $62.04 and a 200 day simple moving average of $62.93. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid 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 dividend yield of 1.41%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $643,600.00. Following the sale, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,151 shares of company stock worth $2,389,936. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

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