Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by KBC Group NV

KBC Group NV raised its position in Power Integrations, Inc. (NASDAQ:POWI) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,549 shares of the semiconductor company’s stock after acquiring an additional 767 shares during the quarter. KBC Group NV’s holdings in Power Integrations were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Creative Planning increased its holdings in Power Integrations by 58.6% in the second quarter. Creative Planning now owns 12,459 shares of the semiconductor company’s stock valued at $874,000 after buying an additional 4,601 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Power Integrations by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after acquiring an additional 536 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Power Integrations by 56.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 20,202 shares of the semiconductor company’s stock valued at $1,295,000 after acquiring an additional 7,300 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its position in shares of Power Integrations by 15.7% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,290 shares of the semiconductor company’s stock worth $275,000 after acquiring an additional 582 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Power Integrations by 27.5% during the third quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 1,548 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on POWI shares. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Susquehanna reduced their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insiders Place Their Bets

In related news, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,680 shares of company stock valued at $2,420,526 in the last ninety days. Insiders own 1.50% of the company’s stock.

Power Integrations Trading Down 2.8 %

Shares of POWI opened at $60.75 on Friday. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The stock has a market cap of $3.45 billion, a P/E ratio of 92.05, a PEG ratio of 4.06 and a beta of 1.11. The company has a 50-day moving average of $62.59 and a two-hundred day moving average of $63.40.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. As a group, analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 29th. Power Integrations’s dividend payout ratio is 127.27%.

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.