Canada Pension Plan Investment Board cut its position in shares of Power Integrations, Inc. (NASDAQ:POWI – Get Rating) by 41.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,300 shares of the semiconductor company’s stock after selling 8,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Power Integrations were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Shell Asset Management Co. raised its position in Power Integrations by 33.1% during the 3rd quarter. Shell Asset Management Co. now owns 4,717 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 1,173 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Power Integrations by 11.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 62,500 shares of the semiconductor company’s stock valued at $4,020,000 after purchasing an additional 6,300 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Power Integrations by 79.7% in the 3rd quarter. Brown Advisory Inc. now owns 990,374 shares of the semiconductor company’s stock worth $63,701,000 after acquiring an additional 439,344 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Power Integrations by 75.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 30,396 shares of the semiconductor company’s stock worth $1,955,000 after acquiring an additional 13,081 shares in the last quarter. Finally, Credit Suisse AG raised its position in shares of Power Integrations by 3.0% in the 3rd quarter. Credit Suisse AG now owns 143,679 shares of the semiconductor company’s stock worth $9,241,000 after acquiring an additional 4,181 shares in the last quarter. 99.00% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider David Mh Matthews sold 5,964 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $82.47, for a total value of $491,851.08. Following the completion of the transaction, the insider now owns 101,172 shares of the company’s stock, valued at approximately $8,343,654.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David Mh Matthews sold 5,964 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $82.47, for a total value of $491,851.08. Following the completion of the transaction, the insider now owns 101,172 shares of the company’s stock, valued at approximately $8,343,654.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Doug Bailey sold 549 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $89.52, for a total value of $49,146.48. Following the transaction, the vice president now directly owns 110,131 shares of the company’s stock, valued at approximately $9,858,927.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,499 shares of company stock valued at $3,651,059. 1.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Power Integrations Stock Performance
Power Integrations stock opened at $83.76 on Thursday. The company has a market cap of $4.77 billion, a PE ratio of 28.59 and a beta of 1.20. The business’s 50-day simple moving average is $81.05 and its two-hundred day simple moving average is $74.84. Power Integrations, Inc. has a fifty-two week low of $59.16 and a fifty-two week high of $98.92.
Power Integrations (NASDAQ:POWI – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $125.55 million. Power Integrations had a return on equity of 22.72% and a net margin of 26.24%. The company’s revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, analysts predict that Power Integrations, Inc. will post 1.56 EPS for the current fiscal year.
Power Integrations Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be issued a $0.19 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.91%. Power Integrations’s dividend payout ratio is presently 25.94%.
Power Integrations Profile
Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Steven J.
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