Brown Advisory Inc. Has $41.17 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

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

Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Power Integrations by 6.6% during the first quarter. Envestnet Asset Management Inc. now owns 289,972 shares of the semiconductor company's stock worth $14,644,000 after buying an additional 17,905 shares during the period. Principal Financial Group Inc. lifted its position in Power Integrations by 0.3% in the first quarter. Principal Financial Group Inc. now owns 132,718 shares of the semiconductor company's stock worth $6,702,000 after purchasing an additional 440 shares during the period. Teacher Retirement System of Texas acquired a new stake in Power Integrations in the first quarter worth approximately $1,452,000. First Horizon Advisors Inc. lifted its position in Power Integrations by 21.7% in the first quarter. First Horizon Advisors Inc. now owns 2,109 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 376 shares during the period. Finally, Bessemer Group Inc. lifted its position in Power Integrations by 4.1% in the first quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock worth $342,000 after purchasing an additional 269 shares during the period.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded up $0.62 on Thursday, reaching $58.70. 370,972 shares of the company traded hands, compared to its average volume of 480,450. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The company's 50 day moving average is $54.36 and its 200-day moving average is $55.87. The stock has a market capitalization of $3.30 billion, a PE ratio of 90.31, a P/E/G ratio of 2.38 and a beta of 1.31.

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

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, May 30th. Power Integrations's dividend payout ratio (DPR) is currently 129.23%.

Analyst Upgrades and Downgrades

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

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.