4,747 Shares in Power Integrations, Inc. (NASDAQ:POWI) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,747 shares of the semiconductor company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Power Integrations by 25.6% during the third 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. M&G PLC bought a new position in Power Integrations during the 3rd quarter valued at approximately $9,820,000. Barclays PLC raised its stake in Power Integrations by 173.4% during 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. Congress Asset Management Co. boosted its holdings in Power Integrations by 18.4% in the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after acquiring an additional 96,609 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew 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 acquiring an additional 80,761 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In related news, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.50% of the stock is owned by company insiders.

Power Integrations Stock Performance

POWI opened at $63.57 on Wednesday. The company’s 50-day simple moving average is $61.68 and its two-hundred day simple moving average is $62.69. The stock has a market capitalization of $3.62 billion, a P/E ratio of 111.53, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its 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%. Research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on POWI shares. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Two 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 company’s stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

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.