Algert Global LLC Sells 6,791 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Algert Global LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,131 shares of the semiconductor company's stock after selling 6,791 shares during the quarter. Algert Global LLC's holdings in Power Integrations were worth $1,489,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Power Integrations in the 4th quarter worth about $288,000. UMB Bank n.a. lifted 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 acquiring an additional 192 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Power Integrations by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after acquiring an additional 33,741 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Power Integrations in the 4th quarter worth about $227,000. Finally, Barclays PLC lifted its stake in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after acquiring an additional 114,644 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus cut their price target on Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Three research 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $73.83.

Insider Transactions at Power Integrations

In related news, VP Clifford Walker sold 1,088 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the firm'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 transaction of $488,557.36. Following the sale, the chief executive officer now owns 590,580 shares in the company, valued at $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. In the last quarter, insiders have sold 22,954 shares of company stock valued at $1,328,862. 1.40% of the stock is owned by insiders.

Power Integrations Stock Up 9.1%

Power Integrations stock traded up $4.90 on Monday, hitting $59.01. The company's stock had a trading volume of 1,040,842 shares, compared to its average volume of 455,396. The firm has a market cap of $3.35 billion, a P/E ratio of 103.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31. The company has a fifty day moving average price of $51.03 and a 200-day moving average price of $58.55. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13.

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

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, February 28th. Power Integrations's payout ratio is 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.