Power Integrations, Inc. (NASDAQ:POWI) Position Increased by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,126 shares of the semiconductor company's stock after purchasing an additional 8,713 shares during the quarter. Pinebridge Investments L.P. owned about 0.05% of Power Integrations worth $1,797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of POWI. Smartleaf Asset Management LLC raised its holdings in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc increased its position in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. raised its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 385 shares during the period. Finally, Covestor Ltd grew its stake in shares of Power Integrations by 16.9% in the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 234 shares in the last quarter.

Insider Activity

In related news, VP Clifford Walker sold 2,472 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the transaction, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock valued at $3,075,198 over the last three months. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Benchmark restated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Stifel Nicolaus dropped their price target on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.83.

Power Integrations Stock Performance

NASDAQ POWI traded up $1.87 on Friday, reaching $51.13. The company's stock had a trading volume of 407,014 shares, compared to its average volume of 456,154. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The firm's 50 day moving average is $51.96 and its two-hundred day moving average is $59.02. The stock has a market cap of $2.91 billion, a PE ratio of 89.70, a PEG ratio of 4.08 and a beta of 1.32.

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

Power Integrations Announces Dividend

The business also recently announced 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

Power Integrations 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.