Copeland Capital Management LLC Reduces Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Copeland Capital Management LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,199,136 shares of the semiconductor company's stock after selling 22,515 shares during the period. Power Integrations comprises about 1.2% of Copeland Capital Management LLC's holdings, 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 reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Power Integrations during the 1st quarter valued at about $344,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Power Integrations by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after purchasing an additional 33,741 shares during the period. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 62,750 shares during the last quarter. GAMMA Investing LLC increased its holdings in Power Integrations by 17,230.4% during the 1st quarter. GAMMA Investing LLC now owns 101,556 shares of the semiconductor company's stock valued at $5,129,000 after purchasing an additional 100,970 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Power Integrations by 31.9% in the 1st quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company's stock worth $110,000 after purchasing an additional 529 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Power Integrations Stock Up 3.0%

NASDAQ POWI traded up $1.68 during trading on Tuesday, hitting $57.58. 479,146 shares of the stock traded hands, compared to its average volume of 476,821. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13. The firm has a 50-day simple moving average of $52.86 and a 200-day simple moving average of $56.02. The company has a market capitalization of $3.24 billion, a P/E ratio of 88.59, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The firm had revenue of $105.53 million for the quarter, compared to analysts' expectations of $105.44 million. During the same period in the prior year, the business posted $0.18 earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. Power Integrations's dividend payout ratio is currently 129.23%.

Insider Activity

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction on 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 owned 107,357 shares of the company's stock, valued at approximately $5,463,397.73. This trade represents a 1.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the transaction, the vice president owned 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This trade represents a 0.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,561 shares of company stock worth $642,092. Corporate insiders own 1.40% of the company's stock.

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.