Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Power Integrations, Inc. (NASDAQ:POWI) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,650 shares of the semiconductor company’s stock after acquiring an additional 433 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Power Integrations were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of POWI. American Century Companies Inc. purchased a new stake in shares of Power Integrations in the second quarter valued at $800,000. Oppenheimer Asset Management Inc. grew its holdings in Power Integrations by 2.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,442 shares of the semiconductor company’s stock valued at $873,000 after buying an additional 356 shares during the period. Envestnet Asset Management Inc. grew its holdings in Power Integrations by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 256,493 shares of the semiconductor company’s stock valued at $18,003,000 after buying an additional 5,830 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Power Integrations by 28.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,935 shares of the semiconductor company’s stock valued at $627,000 after acquiring an additional 1,966 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Power Integrations by 20.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 29,000 shares of the semiconductor company’s stock worth $2,036,000 after acquiring an additional 4,900 shares during the period.

Power Integrations Stock Up 2.2 %

POWI opened at $62.22 on Friday. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $85.00. The company has a 50 day moving average of $63.12 and a two-hundred day moving average of $64.54. The company has a market cap of $3.54 billion, a P/E ratio of 94.27, a P/E/G ratio of 3.91 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.21 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is 127.27%.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent analyst reports. Susquehanna lowered their target price on shares of 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 set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Activity at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares in the company, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is currently owned by company insiders.

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.