Pacer Advisors Inc. Has $523,000 Position in Power Integrations, Inc. (NASDAQ:POWI)

Pacer Advisors Inc. raised its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,480 shares of the semiconductor company’s stock after acquiring an additional 230 shares during the quarter. Pacer Advisors Inc.’s holdings in Power Integrations were worth $523,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc boosted its position in shares of Power Integrations by 1,618.2% during 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. boosted its holdings in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Power Integrations during the third quarter valued at approximately $87,000. KBC Group NV grew its stake in shares of Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Power Integrations by 10.3% in the 3rd 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 in the last quarter.

Power Integrations Stock Up 1.4 %

Shares of NASDAQ:POWI opened at $61.21 on Wednesday. The firm has a market cap of $3.48 billion, a P/E ratio of 92.74, a P/E/G ratio of 4.06 and a beta of 1.11. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $85.00. The company’s 50-day moving average price is $62.72 and its two-hundred day moving average price is $63.42.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. During the same period in the previous year, the firm earned $0.35 EPS. Power Integrations’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts predict that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

Wall Street Analyst Weigh In

POWI has been the topic of a number of analyst reports. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Activity at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares in the company, valued at approximately $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. The trade was a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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.