Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,756 shares of the semiconductor company's stock after acquiring an additional 24,439 shares during the period. ProShare Advisors LLC owned approximately 0.47% of Power Integrations worth $16,459,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares in the last quarter. UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Power Integrations in the 4th quarter worth about $51,000. Finally, Covestor Ltd increased its stake in Power Integrations by 16.9% in the 4th 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 other news, VP Clifford Walker sold 1,088 shares of Power Integrations stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the sale, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. The trade was a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the sale, the chief executive officer now owns 590,580 shares of the company's stock, valued at approximately $30,231,790.20. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,954 shares of company stock worth $1,328,862 in the last three months. 1.40% of the stock is owned by insiders.

Power Integrations Price Performance

NASDAQ:POWI opened at $53.97 on Friday. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The stock's 50-day moving average is $50.65 and its two-hundred day moving average is $58.35. The stock has a market cap of $3.07 billion, a PE ratio of 94.69, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The firm's revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.56%. Power Integrations's dividend payout ratio is 129.23%.

Wall Street Analyst Weigh In

POWI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Finally, StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

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.

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