Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Trust Point Inc.

Trust Point Inc. decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,205 shares of the semiconductor company's stock after selling 5,269 shares during the quarter. Trust Point Inc.'s holdings in Power Integrations were worth $717,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of POWI. Smartleaf Asset Management LLC boosted its holdings in shares of Power Integrations by 110.6% during the fourth 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 period. Quadrant Capital Group LLC boosted its holdings in shares of 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 acquiring an additional 385 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Power Integrations during the fourth quarter valued at $51,000. UMB Bank n.a. boosted its holdings in shares of Power Integrations by 91.6% during the first quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 576 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after acquiring an additional 234 shares during the period.

Power Integrations Trading Up 2.8%

Shares of Power Integrations stock opened at $56.69 on Tuesday. The company's 50-day moving average price is $51.04 and its two-hundred day moving average price is $56.72. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The stock has a market cap of $3.19 billion, a PE ratio of 99.46, a price-to-earnings-growth ratio of 4.08 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. 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 previous year, the business earned $0.18 earnings per share. Power Integrations's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, May 30th. Power Integrations's dividend payout ratio (DPR) is presently 129.23%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on POWI shares. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus upped their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Two research 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 company's stock. Based on data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.67.

Insiders Place Their Bets

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of the business's 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 in the company, valued at approximately $5,463,397.73. The trade was a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 9,544 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the sale, the chief executive officer now owns 590,580 shares in the company, valued at approximately $30,231,790.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,561 shares of company stock worth $642,092. 1.40% of the stock is owned by corporate insiders.

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.

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