Vontobel Holding Ltd. Sells 90,182 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Vontobel Holding Ltd. decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,220 shares of the semiconductor company's stock after selling 90,182 shares during the period. Vontobel Holding Ltd. owned 0.50% of Power Integrations worth $14,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in Power Integrations during the first quarter worth $42,000. Johnson Financial Group Inc. bought a new stake in shares of Power Integrations during the fourth quarter worth approximately $51,000. Finally, UMB Bank n.a. grew its position in shares of Power Integrations by 91.6% in the first quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 576 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus increased 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 note on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

Power Integrations Stock Up 2.8%

Shares of NASDAQ POWI traded up $1.59 during midday trading on Wednesday, reaching $59.17. 394,646 shares of the company were exchanged, compared to its average volume of 477,015. The stock's 50-day moving average price is $53.09 and its 200-day moving average price is $56.04. The stock has a market cap of $3.33 billion, a P/E ratio of 91.03, a PEG ratio of 2.29 and a beta of 1.31. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, May 30th. Power Integrations's payout ratio is currently 129.23%.

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.