Atria Investments Inc Sells 1,503 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Atria Investments Inc trimmed its stake in Power Integrations, Inc. (NASDAQ:POWI) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,980 shares of the semiconductor company’s stock after selling 1,503 shares during the period. Atria Investments Inc’s holdings in Power Integrations were worth $369,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in 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 buying an additional 192 shares in the last quarter. First Horizon Advisors Inc. increased its position 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 valued at $141,000 after buying an additional 205 shares in the last quarter. MML Investors Services LLC increased its position in Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 207 shares in the last quarter. Pacer Advisors Inc. increased its position in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 230 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares in the last quarter.

Insider Activity at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Balu Balakrishnan sold 6,012 shares of Power Integrations stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $58.26, for a total value of $350,259.12. Following the sale, the chief executive officer now owns 605,365 shares in the company, valued at $35,268,564.90. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,544 shares of company stock worth $2,433,105. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

POWI has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

NASDAQ:POWI opened at $57.25 on Monday. Power Integrations, Inc. has a one year low of $54.55 and a one year high of $79.13. The stock has a market cap of $3.26 billion, a PE ratio of 100.44, a P/E/G ratio of 4.08 and a beta of 1.11. The stock has a 50 day moving average price of $60.90 and a 200 day moving average price of $62.21.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 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%. As a group, analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

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.