GW&K Investment Management LLC Sells 35,518 Shares of Power Integrations, Inc. (NASDAQ:POWI)

GW&K Investment Management LLC trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,490 shares of the semiconductor company's stock after selling 35,518 shares during the quarter. GW&K Investment Management LLC owned approximately 0.33% of Power Integrations worth $15,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in POWI. Norges Bank acquired a new stake in Power Integrations in the 4th quarter worth approximately $37,424,000. JPMorgan Chase & Co. lifted its holdings in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company's stock worth $195,073,000 after buying an additional 154,032 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Power Integrations by 5.8% during the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company's stock worth $173,679,000 after buying an additional 123,988 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 1.3% during the third quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company's stock worth $488,566,000 after buying an additional 81,455 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Power Integrations by 34.2% during the third quarter. Rhumbline Advisers now owns 246,917 shares of the semiconductor company's stock worth $18,842,000 after buying an additional 62,900 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI traded up $1.10 during mid-day trading on Wednesday, hitting $78.21. The company had a trading volume of 309,670 shares, compared to its average volume of 406,109. Power Integrations, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $99.60. The firm has a market cap of $4.44 billion, a P/E ratio of 85.01, a P/E/G ratio of 4.28 and a beta of 1.20. The business's fifty day moving average is $70.37 and its two-hundred day moving average is $74.75.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 31st. Power Integrations's dividend payout ratio (DPR) is presently 86.96%.

Insider Activity at Power Integrations

In related news, VP Radu Barsan sold 9,000 shares of Power Integrations stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the sale, the vice president now owns 27,384 shares of the company's stock, valued at approximately $1,999,032. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Power Integrations news, VP Radu Barsan sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the transaction, the vice president now owns 27,384 shares of the company's stock, valued at approximately $1,999,032. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Mh Matthews sold 5,000 shares of the business's stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $76.88, for a total value of $384,400.00. Following the transaction, the insider now directly owns 63,229 shares in the company, valued at approximately $4,861,045.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,670 shares of company stock valued at $2,910,286. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of research reports. Benchmark boosted their price objective on Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, February 9th. StockNews.com upgraded 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 price target on the stock in a research report on Monday, February 26th. Finally, TD Cowen upped their price target on Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $87.40.

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.