Brown Advisory Inc. Sells 51,362 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Brown Advisory Inc. lowered its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 867,177 shares of the semiconductor company's stock after selling 51,362 shares during the quarter. Brown Advisory Inc. owned about 1.52% of Power Integrations worth $53,505,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of POWI. Allspring Global Investments Holdings LLC bought a new stake in Power Integrations in the 4th quarter valued at about $288,000. UMB Bank n.a. lifted its position 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 worth $39,000 after purchasing an additional 192 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Power Integrations by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after buying an additional 33,741 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Power Integrations in the fourth quarter worth $227,000. Finally, Barclays PLC raised its holdings in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after acquiring an additional 114,644 shares during the period.

Analyst Ratings Changes

Several brokerages have recently weighed in on POWI. Benchmark reiterated 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 cut their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $73.83.

Power Integrations Trading Up 0.5 %

NASDAQ POWI traded up $0.23 on Wednesday, hitting $50.33. 403,880 shares of the company were exchanged, compared to its average volume of 455,180. Power Integrations, Inc. has a 12 month low of $40.78 and a 12 month high of $79.13. The stock has a fifty day moving average of $51.26 and a 200-day moving average of $58.76. The company has a market cap of $2.86 billion, a PE ratio of 88.30, a PEG ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 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, analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is currently 147.37%.

Insider Activity at Power Integrations

In related news, VP Radu Barsan sold 10,393 shares of the stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the sale, the chief financial officer now owns 112,653 shares of the company's stock, valued at $6,535,000.53. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,974 shares of company stock valued at $1,853,615. Insiders own 1.40% of the company's stock.

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.