Trust Point Inc. Has $717,000 Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

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

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Power Integrations during the fourth quarter valued at about $288,000. Charles Schwab Investment Management Inc. raised its position in shares of Power Integrations by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after buying an additional 33,741 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Power Integrations by 18.5% in the 4th 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 during the period. GAMMA Investing LLC lifted its stake in shares of Power Integrations by 17,230.4% in the 1st 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 during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Power Integrations in the fourth quarter valued at approximately $7,470,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Stifel Nicolaus upped their price objective on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two 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 stock. According to MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and an average price target of $74.67.

Insider Activity

In related news, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction 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 now directly owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $98,166.81. Following the completion of the sale, the chief financial officer now directly 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. Insiders have sold 12,561 shares of company stock worth $642,092 over the last 90 days. 1.40% of the stock is owned by company insiders.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded down $0.54 on Friday, reaching $53.50. 781,147 shares of the company traded hands, compared to its average volume of 483,838. The stock has a market capitalization of $3.01 billion, a PE ratio of 82.31, a P/E/G ratio of 2.22 and a beta of 1.29. The company's 50 day moving average is $51.47 and its 200-day moving average is $56.59. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13.

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

Power Integrations Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations's dividend payout ratio (DPR) 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.