Raymond James Financial Inc. Invests $7.47 Million in Power Integrations, Inc. (NASDAQ:POWI)

Raymond James Financial Inc. bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 121,062 shares of the semiconductor company’s stock, valued at approximately $7,470,000. Raymond James Financial Inc. owned 0.21% of Power Integrations at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 534 shares during the period. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC bought a new position in shares of Power Integrations during the third quarter worth approximately $87,000. Finally, First Horizon Advisors Inc. increased its stake in Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 205 shares during the period.

Power Integrations Stock Performance

Shares of POWI stock opened at $54.88 on Monday. The stock’s fifty day moving average price is $60.39 and its two-hundred day moving average price is $61.92. The company has a market cap of $3.12 billion, a PE ratio of 96.28, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $54.04 and a fifty-two 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 for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is presently 147.37%.

Insider Buying and Selling at Power Integrations

In related 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 transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

POWI has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three investment 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

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.