Power Integrations, Inc. (NASDAQ:POWI) Stock Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,278 shares of the semiconductor company’s stock after selling 901 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Power Integrations worth $8,162,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations in the 3rd quarter valued at approximately $87,000. KBC Group NV lifted its holdings in Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna dropped their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $60.80 on Friday. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $79.13. The company has a market capitalization of $3.46 billion, a P/E ratio of 106.67, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The company has a 50-day simple moving average of $61.69 and a 200 day simple moving average of $62.69.

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 return on equity of 4.48% and a net margin of 7.69%. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insider Buying and Selling at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares in the company, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Power Integrations 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.