Hsbc Holdings PLC Trims Position in Power Integrations, Inc. (NASDAQ:POWI)

Hsbc Holdings PLC decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,384 shares of the semiconductor company's stock after selling 5,326 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Power Integrations worth $2,869,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in POWI. Tower Research Capital LLC TRC increased its position in Power Integrations by 136.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the semiconductor company's stock worth $241,000 after buying an additional 2,250 shares during the period. Mirabella Financial Services LLP purchased a new stake in Power Integrations in the 4th quarter valued at $1,137,000. MetLife Investment Management LLC boosted its stake in Power Integrations by 6.8% during the 4th quarter. MetLife Investment Management LLC now owns 65,173 shares of the semiconductor company's stock worth $4,021,000 after purchasing an additional 4,152 shares during the period. Capital International Investors grew its position in Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock worth $92,743,000 after purchasing an additional 82,681 shares during the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Power Integrations during the fourth quarter worth about $433,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on POWI shares. Stifel Nicolaus cut their price target on Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and an average target price of $73.83.

Power Integrations Price Performance

Shares of NASDAQ POWI traded up $0.10 during trading on Monday, hitting $51.23. 54,607 shares of the company were exchanged, compared to its average volume of 454,632. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 90.02, a PEG ratio of 4.08 and a beta of 1.31. The firm's fifty day moving average price is $51.96 and its 200 day moving average price is $58.98.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of Power Integrations stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares in the company, valued at approximately $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock valued at $3,075,198 in the last 90 days. 1.40% of the stock is currently owned by insiders.

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.