Power Integrations, Inc. (NASDAQ:POWI) Stock Position Lowered by Triodos Investment Management BV

Triodos Investment Management BV trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,800 shares of the semiconductor company's stock after selling 102,200 shares during the period. Triodos Investment Management BV owned 0.25% of Power Integrations worth $11,807,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in POWI. GAMMA Investing LLC purchased a new position in shares of Power Integrations during the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 321 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Power Integrations in the third quarter worth approximately $65,000. Headlands Technologies LLC lifted its position in shares of Power Integrations by 374.6% in the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company's stock worth $83,000 after purchasing an additional 854 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Power Integrations by 17.4% during the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company's stock worth $108,000 after purchasing an additional 211 shares during the period.

Power Integrations Stock Up 0.9 %

Shares of NASDAQ:POWI traded up $0.66 during trading on Tuesday, reaching $77.36. The stock had a trading volume of 337,222 shares, compared to its average volume of 411,816. The stock has a fifty day simple moving average of $69.95 and a two-hundred day simple moving average of $74.48. Power Integrations, Inc. has a 52 week low of $62.13 and a 52 week high of $99.60. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 84.09, a P/E/G ratio of 4.74 and a beta of 1.20.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 30th. Power Integrations's dividend payout ratio is 86.96%.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 423 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $74.98, for a total value of $31,716.54. Following the completion of the transaction, the vice president now directly owns 98,863 shares of the company's stock, valued at $7,412,747.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Clifford Walker sold 1,096 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the sale, the vice president now owns 140,834 shares of the company's stock, valued at approximately $9,723,179.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Doug Bailey sold 423 shares of Power Integrations stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total transaction of $31,716.54. Following the completion of the transaction, the vice president now owns 98,863 shares of the company's stock, valued at approximately $7,412,747.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,891 shares of company stock valued at $3,236,093. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on POWI. TD Cowen upped their price objective on shares of Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a research note on Friday, February 9th. StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Northland Securities upgraded Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price on the stock in a research note on Monday, February 26th. Finally, Benchmark raised their price target on Power Integrations from $80.00 to $90.00 and gave the stock 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's stock. According to MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and a consensus target price of $87.40.

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.

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.