Ceredex Value Advisors LLC Boosts Stake in Power Integrations, Inc. (NASDAQ:POWI)

Ceredex Value Advisors LLC raised its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 647,590 shares of the semiconductor company's stock after purchasing an additional 59,290 shares during the quarter. Ceredex Value Advisors LLC owned 1.14% of Power Integrations worth $53,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Power Integrations by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,937 shares of the semiconductor company's stock worth $2,130,000 after purchasing an additional 911 shares during the period. International Assets Investment Management LLC raised its position in Power Integrations by 8,102.6% in the 4th quarter. International Assets Investment Management LLC now owns 22,147 shares of the semiconductor company's stock worth $1,818,000 after purchasing an additional 21,877 shares during the period. Boston Trust Walden Corp grew its stake in Power Integrations by 0.5% in the 4th quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company's stock worth $65,118,000 after acquiring an additional 3,784 shares in the last quarter. Trust Point Inc. purchased a new position in shares of Power Integrations during the fourth quarter worth approximately $1,492,000. Finally, Trueblood Wealth Management LLC purchased a new position in shares of Power Integrations during the fourth quarter worth approximately $224,000.

Insiders Place Their Bets

In other Power Integrations news, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the transaction, the vice president now directly owns 140,834 shares of the company's stock, valued at $9,723,179.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the completion of the sale, the vice president now directly owns 99,106 shares in the company, valued at $7,329,879.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total transaction of $75,667.84. Following the sale, the vice president now owns 140,834 shares of the company's stock, valued at $9,723,179.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,411 shares of company stock valued at $4,203,262. 1.70% of the stock is currently owned by insiders.

Power Integrations Stock Up 1.1 %

POWI stock traded up $0.72 during trading on Friday, hitting $68.86. 291,427 shares of the company's stock traded hands, compared to its average volume of 336,316. The firm has a market capitalization of $3.92 billion, a P/E ratio of 70.99 and a beta of 1.21. The business has a fifty day simple moving average of $72.68 and a two-hundred day simple moving average of $75.56. Power Integrations, Inc. has a 1 year low of $66.90 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results 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. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The business had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. On average, equities research analysts predict that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Wednesday, February 28th. Power Integrations's dividend payout ratio is currently 82.47%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Susquehanna raised their target price on shares of Power Integrations from $80.00 to $100.00 and gave the stock a "positive" rating in a research report on Monday, December 18th. Stifel Nicolaus raised their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. TD Cowen raised their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a "market perform" rating in a research report on Friday, February 9th. Finally, Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Power Integrations has a consensus rating of "Moderate Buy" and an average price target of $86.17.

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.