Stifel Financial Corp Has $6.20 Million Stake in Power Integrations, Inc. (NASDAQ:POWI)

Stifel Financial Corp reduced its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,514 shares of the semiconductor company's stock after selling 6,182 shares during the period. Stifel Financial Corp owned approximately 0.18% of Power Integrations worth $6,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Power Integrations by 173.4% during the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after acquiring an additional 114,644 shares during the period. Tidal Investments LLC lifted its position in Power Integrations by 22.8% during the third quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company's stock worth $805,000 after purchasing an additional 2,331 shares during the period. Versant Capital Management Inc grew its stake in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after buying an additional 534 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Power Integrations by 8.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company's stock valued at $362,000 after buying an additional 433 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at approximately $227,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced 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. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $73.83.

Power Integrations Stock Up 3.8 %

Shares of NASDAQ:POWI traded up $1.87 during trading on Friday, hitting $51.13. 407,014 shares of the company were exchanged, compared to its average volume of 456,397. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The company has a market capitalization of $2.91 billion, a P/E ratio of 89.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. The business's 50 day moving average is $51.96 and its 200-day moving average is $59.05.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

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

Insider Buying and Selling at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now directly owns 110,394 shares in the company, valued at $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations 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 in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,105 shares of company stock worth $3,075,198. 1.40% of the stock is currently 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.