Snyder Capital Management L P Has $54.45 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Snyder Capital Management L P grew its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,518 shares of the semiconductor company's stock after acquiring an additional 160,784 shares during the period. Snyder Capital Management L P owned 1.55% of Power Integrations worth $54,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its position in shares of Power Integrations by 43.9% during 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 during the last quarter. Pacer Advisors Inc. increased its holdings in Power Integrations by 2.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock worth $523,000 after buying an additional 230 shares during the last quarter. Covestor Ltd increased its holdings in Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after buying an additional 234 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Power Integrations by 3.3% during the fourth quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company's stock worth $679,000 after buying an additional 353 shares during the last quarter.

Power Integrations Price Performance

POWI stock traded down $1.10 during midday trading on Wednesday, reaching $48.09. 155,265 shares of the company were exchanged, compared to its average volume of 453,578. The business has a 50-day moving average price of $52.83 and a two-hundred day moving average price of $59.31. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 84.37, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

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

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.75%. Power Integrations's dividend payout ratio is 147.37%.

Analysts Set New Price Targets

POWI has been the topic of a number of recent analyst reports. Benchmark restated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus lowered their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Power Integrations presently has an average rating of "Moderate Buy" and a consensus price target of $73.83.

Insider Buying and Selling

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the transaction, the chief financial officer now owns 110,394 shares of the company's stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares of the company's stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock valued at $3,075,198 over the last quarter. 1.40% of the stock is owned by company insiders.

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.