Swiss National Bank trimmed its position in Power Integrations, Inc. (NASDAQ:POWI – Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,500 shares of the semiconductor company’s stock after selling 14,800 shares during the period. Swiss National Bank owned approximately 0.22% of Power Integrations worth $10,453,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of POWI. Meeder Asset Management Inc. raised its position in shares of Power Integrations by 498.9% in the 4th quarter. Meeder Asset Management Inc. now owns 1,108 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 923 shares during the period. Covestor Ltd raised its holdings in Power Integrations by 179.3% during the 1st quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock worth $80,000 after buying an additional 554 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Power Integrations during the 1st quarter worth approximately $90,000. Venturi Wealth Management LLC acquired a new stake in Power Integrations during the 1st quarter worth approximately $102,000. Finally, Advisors Asset Management Inc. raised its holdings in Power Integrations by 48.1% during the 4th quarter. Advisors Asset Management Inc. now owns 1,604 shares of the semiconductor company’s stock worth $115,000 after buying an additional 521 shares during the period. 99.82% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Power Integrations
In related news, VP Yang Chiah Yee sold 1,381 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $91.43, for a total value of $126,264.83. Following the completion of the transaction, the vice president now directly owns 34,474 shares of the company’s stock, valued at $3,151,957.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Power Integrations news, VP Yang Chiah Yee sold 1,381 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $91.43, for a total transaction of $126,264.83. Following the completion of the sale, the vice president now owns 34,474 shares of the company’s stock, valued at approximately $3,151,957.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Doug Bailey sold 1,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $81.62, for a total value of $81,620.00. Following the sale, the vice president now directly owns 106,169 shares of the company’s stock, valued at approximately $8,665,513.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,973 shares of company stock valued at $1,697,629. 1.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on POWI
Power Integrations Stock Up 0.3 %
Shares of POWI opened at $80.99 on Friday. The stock has a market capitalization of $4.65 billion, a P/E ratio of 51.26 and a beta of 1.18. Power Integrations, Inc. has a twelve month low of $59.16 and a twelve month high of $99.60. The company has a 50 day moving average of $89.64 and a 200-day moving average of $85.12.
Power Integrations (NASDAQ:POWI – Get Free Report) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Power Integrations had a net margin of 17.58% and a return on equity of 12.00%. The business had revenue of $123.22 million during the quarter, compared to analysts’ expectations of $122.77 million. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 1.17 earnings per share for the current fiscal year.
Power Integrations Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. Power Integrations’s dividend payout ratio is presently 48.10%.
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.
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