Smartleaf Asset Management LLC Acquires 282 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Smartleaf Asset Management LLC increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 110.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 537 shares of the semiconductor company’s stock after buying an additional 282 shares during the period. Smartleaf Asset Management LLC’s holdings in Power Integrations were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. raised its stake in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of 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 buying an additional 205 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after buying an additional 207 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Power Integrations by 2.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after buying an additional 230 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Power Integrations by 9.5% in the third quarter. QRG Capital Management Inc. now owns 3,530 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 305 shares in the last quarter.

Power Integrations Stock Up 2.1 %

Shares of POWI stock opened at $56.62 on Thursday. The firm has a fifty day moving average of $61.19 and a 200-day moving average of $62.39. Power Integrations, Inc. has a 12-month low of $54.55 and a 12-month high of $79.13. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 99.34, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is 147.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In other Power Integrations news, VP Clifford Walker sold 1,131 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $65,609.31. Following the completion of the sale, the vice president now owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the sale, the chief financial officer now owns 112,653 shares of the company’s stock, valued at approximately $6,535,000.53. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,544 shares of company stock worth $2,433,105. 1.70% of the stock is owned by insiders.

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.