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

Stephens Investment Management Group LLC cut its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.2% in the 4th quarter, Holdings Channel reports. 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’s holdings in Power Integrations were worth $34,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Power Integrations by 55.6% during the 3rd quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock worth $2,138,000 after buying an additional 12,297 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Power Integrations by 97.5% during the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock worth $1,669,000 after purchasing an additional 12,847 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Power Integrations by 214.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after purchasing an additional 28,548 shares during the period. 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Power Integrations by 89.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 27,016 shares during the period.

Insiders Place Their Bets

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 transaction of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,680 shares of company stock valued at $2,420,526. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

Power Integrations stock opened at $59.68 on Friday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 104.70, a price-to-earnings-growth ratio of 3.96 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 $85.00. The stock’s fifty day moving average is $62.48 and its two-hundred day moving average is $63.29.

Power Integrations (NASDAQ:POWI) last posted its earnings results 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%. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on POWI shares. Susquehanna reduced their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

About Power Integrations

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.