Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,532 shares of the semiconductor company's stock after selling 9,633 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Power Integrations worth $2,933,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. 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 valued at $33,000 after buying an additional 282 shares during the period. UMB Bank n.a. raised its holdings in shares of Power Integrations by 43.9% in the 4th 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. Quadrant Capital Group LLC lifted its position in shares of Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the fourth quarter valued at approximately $51,000. Finally, Covestor Ltd increased its holdings in Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after buying an additional 234 shares during the period.

Insider Activity

In other news, CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares of the company's stock, valued at $5,463,397.73. This represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the transaction, the chief executive officer now owns 590,580 shares of the company's stock, valued at $30,231,790.20. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,954 shares of company stock worth $1,328,862 in the last ninety days. Company insiders own 1.40% of the company's stock.

Power Integrations Stock Down 1.3%

Shares of NASDAQ:POWI traded down $0.70 during midday trading on Wednesday, reaching $52.14. The company's stock had a trading volume of 32,026 shares, compared to its average volume of 461,058. The stock has a fifty day moving average of $50.50 and a 200 day moving average of $58.19. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The firm has a market capitalization of $2.93 billion, a PE ratio of 91.69, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The company's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations's payout ratio is currently 129.23%.

Analysts Set New Price Targets

POWI has been the topic of several recent research reports. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Stifel Nicolaus boosted their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.67.

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.