Rhumbline Advisers Has $11.29 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Rhumbline Advisers boosted its position in Power Integrations, Inc. (NASDAQ:POWI) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,976 shares of the semiconductor company’s stock after purchasing an additional 2,224 shares during the period. Rhumbline Advisers owned 0.32% of Power Integrations worth $11,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of POWI. Versant Capital Management Inc increased its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% in the fourth 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 during the period. Truvestments Capital LLC acquired a new stake in shares of Power Integrations in the third quarter valued at about $87,000. KBC Group NV increased its stake in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 432 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Power Integrations by 10.3% in the third 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 during the period.

Wall Street Analyst Weigh In

POWI has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Activity at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares of the company’s stock, valued at $8,337,081.18. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,151 shares of company stock valued at $2,389,936. 1.70% of the stock is owned by insiders.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $64.76 on Monday. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13. The stock’s 50-day moving average is $61.71 and its 200 day moving average is $62.64. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results 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, sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

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.