Stifel Financial Corp Reduces Position in Power Integrations, Inc. (NASDAQ:POWI)

Stifel Financial Corp lessened its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,514 shares of the semiconductor company's stock after selling 6,182 shares during the period. Stifel Financial Corp owned about 0.18% of Power Integrations worth $6,202,000 at the end of the most recent reporting period.

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

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,105 shares of company stock worth $3,075,198. Company insiders own 1.40% of the company's stock.

Power Integrations Stock Up 0.3 %

Power Integrations stock traded up $0.15 during midday trading on Monday, hitting $51.28. 54,607 shares of the stock were exchanged, compared to its average volume of 454,632. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13. The business's 50-day moving average price is $51.96 and its 200-day moving average price is $58.98. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 90.02, 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 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 net margin of 7.69% and a return on equity of 4.48%. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on POWI shares. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price objective on 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, Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.83.

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.