HighTower Advisors LLC Cuts Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

HighTower Advisors LLC lessened its position in Power Integrations, Inc. (NASDAQ:POWI) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,836 shares of the semiconductor company’s stock after selling 754 shares during the quarter. HighTower Advisors LLC’s holdings in Power Integrations were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in POWI. Wellington Management Group LLP raised its stake in Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Power Integrations during the fourth quarter worth $7,470,000. Barclays PLC raised its position in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after buying an additional 114,644 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after acquiring an additional 63,150 shares during the last quarter.

Power Integrations Stock Up 0.2 %

Shares of POWI opened at $51.32 on Thursday. Power Integrations, Inc. has a fifty-two week low of $48.93 and a fifty-two week high of $79.13. The company’s fifty day moving average is $58.99 and its two-hundred day moving average is $61.59. The firm has a market cap of $2.92 billion, a PE ratio of 90.04, a price-to-earnings-growth 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 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 research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Analysts Set New Price Targets

A number of research firms have commented on POWI. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling at Power Integrations

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 transaction of $65,609.31. Following the sale, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. This represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the transaction, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock worth $2,433,105 over the last quarter. 1.70% of the stock is owned by corporate insiders.

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.