Capital Fund Management S.A. Has $1.77 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Capital Fund Management S.A. decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,717 shares of the semiconductor company's stock after selling 21,627 shares during the period. Capital Fund Management S.A. owned about 0.05% of Power Integrations worth $1,772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Power Integrations by 110.6% in the 4th 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 raised its position in shares of 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 acquiring an additional 534 shares in the last quarter. UMB Bank n.a. raised 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 worth $39,000 after purchasing an additional 192 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in 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 buying an additional 385 shares during the last quarter. Finally, KBC Group NV boosted its stake in Power Integrations by 43.0% during the fourth quarter. KBC Group NV now owns 2,549 shares of the semiconductor company's stock worth $157,000 after buying an additional 767 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus cut their price target on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Price Performance

NASDAQ:POWI traded down $0.53 during mid-day trading on Monday, hitting $44.88. 33,635 shares of the company's stock were exchanged, compared to its average volume of 453,315. The business has a fifty day moving average price of $54.65 and a 200 day moving average price of $59.98. The company has a market cap of $2.55 billion, a PE ratio of 78.72, a P/E/G ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts forecast 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 was paid on Monday, March 31st. Investors 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 1.87%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's payout ratio is currently 147.37%.

Insider Activity

In other news, VP Clifford Walker sold 1,088 shares of Power Integrations stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares of the company's stock, valued at $7,214,420.85. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,105 shares of company stock worth $3,075,198. Corporate insiders own 1.40% of the company's stock.

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.