Copeland Capital Management LLC Sells 22,515 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Copeland Capital Management LLC lowered its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,199,136 shares of the semiconductor company's stock after selling 22,515 shares during the quarter. Power Integrations comprises approximately 1.2% of Copeland Capital Management LLC's portfolio, making the stock its 28th largest holding. Copeland Capital Management LLC owned approximately 2.11% of Power Integrations worth $60,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Power Integrations in the first quarter worth $344,000. Charles Schwab Investment Management Inc. grew its position in Power Integrations by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after acquiring an additional 33,741 shares in the last quarter. Bank of America Corp DE grew its position in Power Integrations by 18.5% in the fourth quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company's stock worth $24,749,000 after acquiring an additional 62,750 shares in the last quarter. GAMMA Investing LLC grew its position in Power Integrations by 17,230.4% in the first quarter. GAMMA Investing LLC now owns 101,556 shares of the semiconductor company's stock worth $5,129,000 after acquiring an additional 100,970 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Power Integrations by 31.9% in the first quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company's stock worth $110,000 after acquiring an additional 529 shares in the last quarter.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the sale, the chief executive officer now directly owns 590,580 shares in the company, valued at approximately $30,231,790.20. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $98,166.81. Following the sale, the chief financial officer now owns 107,357 shares of the company's stock, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,561 shares of company stock worth $642,092. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on POWI. Stifel Nicolaus upped their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.67.

Power Integrations Price Performance

NASDAQ POWI traded down $0.70 during trading on Friday, hitting $55.75. 473,239 shares of the company's stock traded hands, compared to its average volume of 477,224. The stock has a fifty day moving average of $52.67 and a two-hundred day moving average of $56.09. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13. The firm has a market cap of $3.14 billion, a P/E ratio of 85.77, a PEG ratio of 2.29 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.56% and a return on equity of 5.12%. The company's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. Power Integrations's dividend payout ratio is currently 129.23%.

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.