Copeland Capital Management LLC trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 806,905 shares of the semiconductor company's stock after selling 24,934 shares during the quarter. Copeland Capital Management LLC owned 1.42% of Power Integrations worth $66,255,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James & Associates grew its stake in Power Integrations by 27.0% in the first quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company's stock worth $3,871,000 after purchasing an additional 8,880 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Power Integrations by 15.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 504 shares in the last quarter. Bank of Montreal Can grew its stake in Power Integrations by 10.5% in the first quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company's stock worth $1,372,000 after purchasing an additional 1,339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Power Integrations by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company's stock worth $2,009,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Power Integrations by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company's stock worth $3,094,000 after purchasing an additional 1,927 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Northland Securities upgraded Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price for the company in a research note on Monday, February 26th. Stifel Nicolaus lifted their target price on Power Integrations from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, January 2nd. Susquehanna lifted their target price on Power Integrations from $80.00 to $100.00 and gave the company a "positive" rating in a research note on Monday, December 18th. StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Benchmark lifted their target price on Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Power Integrations has an average rating of "Moderate Buy" and a consensus price target of $86.17.
Check Out Our Latest Research Report on POWI
Insider Buying and Selling
In related news, insider David Mh Matthews sold 1,095 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $80,986.20. Following the sale, the insider now owns 59,733 shares of the company's stock, valued at $4,417,852.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider David Mh Matthews sold 1,095 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $80,986.20. Following the sale, the insider now owns 59,733 shares of the company's stock, valued at $4,417,852.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nicholas Brathwaite sold 8,000 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $72.25, for a total value of $578,000.00. Following the completion of the transaction, the director now directly owns 32,310 shares in the company, valued at approximately $2,334,397.50. The disclosure for this sale can be found here. Insiders have sold a total of 43,417 shares of company stock valued at $3,241,329 over the last quarter. Corporate insiders own 1.70% of the company's stock.
Power Integrations Price Performance
Shares of NASDAQ POWI traded up $0.94 during midday trading on Friday, hitting $71.55. 315,840 shares of the company's stock were exchanged, compared to its average volume of 370,472. The stock's 50 day moving average price is $73.74 and its 200-day moving average price is $75.92. The firm has a market cap of $4.07 billion, a P/E ratio of 73.76 and a beta of 1.21. Power Integrations, Inc. has a twelve month low of $66.90 and a twelve month high of $99.60.
Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. On average, analysts expect that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.
Power Integrations Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 1.12%. Power Integrations's payout ratio is 82.47%.
About Power Integrations
(
Free Report)
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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