Boston Trust Walden Corp Has $37.05 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Boston Trust Walden Corp decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 733,747 shares of the semiconductor company's stock after selling 5,537 shares during the period. Boston Trust Walden Corp owned approximately 1.29% of Power Integrations worth $37,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of POWI. 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 acquiring an additional 282 shares during the period. Quadrant Capital Group LLC lifted its stake 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 acquiring an additional 385 shares during the period. Global X Japan Co. Ltd. acquired a new stake in shares of Power Integrations in the 1st quarter worth approximately $42,000. Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations in the 4th quarter worth approximately $51,000. Finally, UMB Bank n.a. lifted its stake in shares of Power Integrations by 91.6% in the 1st quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company's stock worth $61,000 after acquiring an additional 576 shares during the period.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the sale, the chief executive officer now owns 590,580 shares in the company, valued at $30,231,790.20. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the sale, the vice president now owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,561 shares of company stock worth $642,092. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

POWI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Stifel Nicolaus upped their price target on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Power Integrations has a consensus rating of "Moderate Buy" and an average price target of $74.67.

Power Integrations Stock Performance

POWI traded up $1.38 during trading on Monday, reaching $54.87. The company had a trading volume of 401,336 shares, compared to its average volume of 479,998. The firm's 50-day simple moving average is $51.81 and its 200 day simple moving average is $56.36. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 84.42, a PEG ratio of 2.19 and a beta of 1.29. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.53%. Power Integrations's dividend payout ratio (DPR) is presently 129.23%.

Power Integrations Company 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.