Orion Portfolio Solutions LLC Has $739,000 Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Orion Portfolio Solutions LLC cut its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,981 shares of the semiconductor company’s stock after selling 329 shares during the period. Orion Portfolio Solutions LLC’s holdings in Power Integrations were worth $739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc grew its position 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 worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. increased its stake 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 acquiring an additional 192 shares during the period. KBC Group NV raised its holdings in Power Integrations by 43.0% in the 4th quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 767 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Power Integrations during the 4th quarter valued at $210,000.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares of the company’s stock, valued at $7,214,420.85. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of the transaction, the chief financial officer now owns 107,357 shares of the company’s stock, valued at approximately $5,463,397.73. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock valued at $3,075,198 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Trading Down 2.7 %

POWI stock opened at $43.68 on Monday. The firm has a 50-day moving average price of $58.27 and a 200-day moving average price of $61.40. Power Integrations, Inc. has a 12 month low of $41.19 and a 12 month high of $79.13. The stock has a market capitalization of $2.48 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

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 the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal 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 given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.92%. Power Integrations’s dividend payout ratio is currently 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.