Riverbridge Partners LLC Sells 44,557 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Riverbridge Partners LLC decreased its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 472,794 shares of the semiconductor company's stock after selling 44,557 shares during the period. Riverbridge Partners LLC owned about 0.83% of Power Integrations worth $23,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of POWI. Global X Japan Co. Ltd. bought a new position in shares of Power Integrations during the first quarter worth approximately $42,000. Azzad Asset Management Inc. ADV bought a new position in shares of Power Integrations during the first quarter worth approximately $683,000. Fifth Third Bancorp increased its stake in shares of Power Integrations by 31.9% during the first quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company's stock worth $110,000 after purchasing an additional 529 shares during the period. SG Americas Securities LLC bought a new position in shares of Power Integrations during the first quarter worth approximately $344,000. Finally, GAMMA Investing LLC increased its stake in shares of Power Integrations by 243.2% during the first quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 1,425 shares during the period.

Analyst Ratings Changes

POWI has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note 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 equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.67.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now owns 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,561 shares of company stock valued at $642,092. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Price Performance

Power Integrations stock opened at $54.04 on Friday. The stock's fifty day moving average price is $51.47 and its two-hundred day moving average price is $56.59. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The firm has a market cap of $3.04 billion, a PE ratio of 83.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.12% and a net margin of 8.56%. The firm had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. During the same quarter last year, the company earned $0.18 EPS. The company's revenue was up 15.1% on a year-over-year basis. Sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, May 30th. Power Integrations's dividend payout ratio is presently 129.23%.

Power Integrations 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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