Inspire Advisors LLC Purchases Shares of 3,396 Power Integrations, Inc. (NASDAQ:POWI)

Inspire Advisors LLC purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,396 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 205 shares during the period. MML Investors Services LLC lifted its holdings in shares of Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 207 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 230 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 282 shares during the period.

Power Integrations Stock Up 2.1 %

Shares of POWI stock opened at $56.62 on Thursday. Power Integrations, Inc. has a 12-month low of $54.55 and a 12-month high of $79.13. The company has a market capitalization of $3.22 billion, a P/E ratio of 99.34, a P/E/G ratio of 4.08 and a beta of 1.11. The firm has a 50-day moving average price of $61.19 and a 200 day moving average price of $62.39.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) 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 4.48%. As a group, research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company 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. This represents a $0.84 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

POWI has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares of the company’s stock, valued at $6,706,435.50. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,544 shares of company stock worth $2,433,105. 1.70% of the stock is currently owned by corporate insiders.

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.