Copeland Capital Management LLC Sells 102,953 Shares of Power Integrations, Inc. $POWI

Key Points

• Copeland Capital Management cut its stake in Power Integrations by 8.1%2.12% of the company) worth roughly $41.7 million.
• Wall Street analysts have a consensus rating of Hold with an average target of $56.50, while the stock trades around $72.63, reflecting a mix of 3 Buy, 2 Hold and 1 Sell ratings.
• Power Integrations recently beat quarterly EPS estimates ($0.23 vs. $0.19) and raised its quarterly dividend to $0.215 ($0.86 annual, ~1.2% yield), though the dividend payout ratio is a high 220.5%.

Copeland Capital Management LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,173,907 shares of the semiconductor company's stock after selling 102,953 shares during the quarter. Copeland Capital Management LLC owned 2.12% of Power Integrations worth $41,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 371 shares during the period. Global X Japan Co. Ltd. raised its holdings in shares of Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 989 shares during the period. Huntington National Bank raised its holdings in shares of Power Integrations by 42.6% in the 3rd quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 559 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Power Integrations by 76.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 744 shares during the period.

Wall Street Analyst Weigh In

POWI has been the topic of a number of research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Power Integrations in a report on Monday, December 29th. Stifel Nicolaus lifted their price target on shares of Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Zacks Research raised shares of Power Integrations from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Benchmark lifted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Finally, Susquehanna lifted their price target on shares of Power Integrations from $50.00 to $53.00 and gave the stock a "positive" rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.50.

Power Integrations Trading Up 1.3%

Power Integrations stock opened at $72.63 on Friday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $76.22. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 186.24, a P/E/G ratio of 5.45 and a beta of 1.30. The firm has a 50 day simple moving average of $50.86 and a 200 day simple moving average of $43.61.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The business had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the business earned $0.30 EPS. Power Integrations's revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were paid a $0.215 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Power Integrations's previous quarterly dividend of $0.21. Power Integrations's dividend payout ratio (DPR) is presently 220.51%.

Insider Buying and Selling at Power Integrations

In related news, Director Balu Balakrishnan sold 10,080 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total value of $451,080.00. Following the completion of the transaction, the director directly owned 575,331 shares in the company, valued at approximately $25,746,062.25. The trade was a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president owned 30,769 shares of the company's stock, valued at $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,831 shares of company stock valued at $1,936,896 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.