Mirabella Financial Services LLP Makes New $1.14 Million Investment in Power Integrations, Inc. (NASDAQ:POWI)

Mirabella Financial Services LLP acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,423 shares of the semiconductor company's stock, valued at approximately $1,137,000.

Several other hedge funds also recently made changes to their positions in POWI. MetLife Investment Management LLC increased its position in shares of Power Integrations by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 65,173 shares of the semiconductor company's stock valued at $4,021,000 after acquiring an additional 4,152 shares during the last quarter. Capital International Investors increased its stake in shares of Power Integrations by 5.8% during the fourth 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 period. Farringdon Capital Ltd. acquired a new stake in shares of Power Integrations during the fourth quarter worth $433,000. Ontario Teachers Pension Plan Board bought a new stake in Power Integrations in the 4th quarter valued at about $296,000. Finally, Barclays PLC increased its stake in Power Integrations by 34.6% during the 4th quarter. Barclays PLC now owns 243,330 shares of the semiconductor company's stock worth $15,013,000 after acquiring an additional 62,576 shares during the period.

Insiders Place Their Bets

In other news, VP Clifford Walker sold 1,088 shares of the company'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 $55,368.32. Following the sale, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Radu Barsan sold 10,393 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Power Integrations Stock Performance

POWI traded up $0.49 during midday trading on Friday, reaching $50.68. 403,880 shares of the company were exchanged, compared to its average volume of 454,815. The company's fifty day moving average price is $53.47 and its 200 day moving average price is $59.52. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 88.91, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

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 dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. Power Integrations's dividend payout ratio is presently 147.37%.

Analyst Upgrades and Downgrades

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

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.