Brown Advisory Inc. Trims Position in Power Integrations, Inc. (NASDAQ:POWI)

Brown Advisory Inc. decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 815,306 shares of the semiconductor company's stock after selling 51,871 shares during the period. Brown Advisory Inc. owned 1.43% of Power Integrations worth $41,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Power Integrations by 133.2% during 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 in the last quarter. Global X Japan Co. Ltd. acquired a new position in Power Integrations during the 1st quarter valued at about $42,000. Johnson Financial Group Inc. acquired a new position in Power Integrations during the 4th quarter valued at about $51,000. Finally, UMB Bank n.a. increased 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 valued at $61,000 after acquiring an additional 576 shares during the last quarter.

Power Integrations Stock Up 0.9%

POWI traded up $0.54 during trading hours on Thursday, hitting $58.62. The stock had a trading volume of 81,756 shares, compared to its average volume of 541,297. The company's fifty day simple moving average is $54.17 and its 200 day simple moving average is $55.90. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The stock has a market cap of $3.30 billion, a PE ratio of 90.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results 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 5.12% and a net margin of 8.56%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.43%. Power Integrations's payout ratio is 129.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price target on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Two 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. According to MarketBeat, the stock 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.