Fuller & Thaler Asset Management Inc. Lowers Stock Holdings in Power Integrations, Inc. $POWI

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Power Integrations, Inc. by 41.1%, now holding shares valued at $925,000.
• Power Integrations recently reported a quarterly revenue of $115.85 million, exceeding analyst expectations and marking a 9.1% increase compared to the previous year.
• The company has announced a quarterly dividend of $0.21 per share, with a yield of 1.8%, and a payout ratio of 144.83%.

Fuller & Thaler Asset Management Inc. lessened its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 41.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,325 shares of the semiconductor company's stock after selling 12,789 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Power Integrations were worth $925,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Power Integrations by 1.2% in the first quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company's stock valued at $878,000 after acquiring an additional 200 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in Power Integrations by 1.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock valued at $748,000 after acquiring an additional 211 shares during the last quarter. Bayforest Capital Ltd lifted its position in Power Integrations by 54.3% in the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. 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 valued at $342,000 after acquiring an additional 269 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Power Integrations by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the semiconductor company's stock valued at $227,000 after acquiring an additional 339 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI traded up $0.24 during mid-day trading on Tuesday, reaching $46.75. The stock had a trading volume of 63,024 shares, compared to its average volume of 550,925. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 80.51, a PEG ratio of 3.10 and a beta of 1.31. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve month high of $69.53. The business has a 50 day simple moving average of $52.11 and a 200 day simple moving average of $53.10.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The firm had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm's revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's dividend payout ratio (DPR) is 144.83%.

Insider Buying and Selling

In other news, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the transaction, the vice president directly owned 18,812 shares of the company's stock, valued at $866,292.60. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the transaction, the vice president directly owned 50,798 shares of the company's stock, valued at approximately $2,357,535.18. This trade represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,014 shares of company stock valued at $1,678,322. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna reduced their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Benchmark reduced their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $61.67.

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.