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

Brown Advisory Inc. lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POWI. Smartleaf Asset Management LLC boosted its position in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 385 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Power Integrations in the 1st quarter worth $42,000. Johnson Financial Group Inc. purchased a new position in shares of Power Integrations in the 4th quarter worth $51,000. Finally, UMB Bank n.a. increased its holdings 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 buying an additional 576 shares during the last quarter.

Power Integrations Stock Performance

POWI stock traded down $0.18 during trading on Wednesday, reaching $58.08. 384,959 shares of the company traded hands, compared to its average volume of 479,813. The business has a 50 day simple moving average of $53.99 and a 200 day simple moving average of $55.88. Power Integrations, Inc. has a 12 month low of $40.78 and a 12 month high of $79.13. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 89.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31.

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

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, May 30th. Power Integrations's payout ratio is 129.23%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on POWI shares. Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Stifel Nicolaus increased their price target on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

Power Integrations 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.