Healthcare of Ontario Pension Plan Trust Fund Has $4.33 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,736 shares of the semiconductor company’s stock after purchasing an additional 3,933 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of Power Integrations worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Power Integrations during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. raised its holdings in shares of Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Power Integrations during the 3rd quarter valued at $65,000. Heritage Wealth Management LLC bought a new position in shares of Power Integrations during the 4th quarter valued at $204,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Power Integrations during the 4th quarter valued at $209,000.

Power Integrations Price Performance

Shares of POWI opened at $73.52 on Wednesday. The company’s fifty day moving average price is $72.38 and its 200 day moving average price is $74.69. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60. The company has a market capitalization of $4.17 billion, a PE ratio of 79.91, a price-to-earnings-growth ratio of 4.08 and a beta of 1.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The company had revenue of $91.69 million for the quarter, compared to the consensus estimate of $89.98 million. Analysts anticipate that Power Integrations, Inc. will post 0.74 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. Power Integrations’s payout ratio is 86.96%.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the transaction, the vice president now owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the sale, the chief executive officer now directly owns 552,161 shares in the company, valued at approximately $37,883,766.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the sale, the vice president now owns 140,834 shares in the company, valued at $9,723,179.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,094 shares of company stock worth $3,443,600. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target on the stock in a report on Monday, February 26th. Benchmark reiterated a “buy” rating and issued a $90.00 target price on shares of Power Integrations in a report on Friday, June 7th. Finally, StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.40.

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.