Boston Trust Walden Corp Trims Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Boston Trust Walden Corp trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 0.7% in the first quarter, according to its most recent 13F 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 quarter. Boston Trust Walden Corp owned 1.29% of Power Integrations worth $37,054,000 at the end of the most recent reporting period.

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

Power Integrations Stock Performance

Shares of NASDAQ:POWI traded down $0.55 during trading on Friday, hitting $53.49. The company's stock had a trading volume of 836,195 shares, compared to its average volume of 483,838. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The business has a 50 day moving average price of $51.47 and a two-hundred day moving average price of $56.59. The company has a market capitalization of $3.01 billion, a PE ratio of 82.29, a P/E/G ratio of 2.22 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. Power Integrations's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. Power Integrations's payout ratio is 129.23%.

Insider Buying and Selling

In other news, CFO Sandeep Nayyar sold 1,929 shares of the firm's stock in a transaction 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 sale, the chief financial officer now directly owns 107,357 shares in the company, valued at approximately $5,463,397.73. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 590,580 shares in the company, valued at $30,231,790.20. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock worth $642,092 over the last 90 days. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

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.