Mutual of America Capital Management LLC Has $1.85 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Mutual of America Capital Management LLC decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,038 shares of the semiconductor company’s stock after selling 677 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Power Integrations worth $1,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. Truvestments Capital LLC bought a new position in Power Integrations during the 3rd quarter worth about $87,000. KBC Group NV increased its holdings in Power Integrations by 32.0% during 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 in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Power Integrations by 10.3% during the 3rd 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on POWI shares. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Price Performance

Power Integrations stock opened at $62.78 on Friday. The firm has a 50-day moving average of $61.36 and a 200-day moving average of $62.55. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 110.14, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 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, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.34%. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

Insider Activity at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,544 shares of company stock worth $2,433,105. Insiders own 1.50% of the company’s stock.

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.