T. Rowe Price Investment Management Inc. Trims Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

T. Rowe Price Investment Management Inc. decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 991,186 shares of the semiconductor company's stock after selling 336,454 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.74% of Power Integrations worth $61,157,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Power Integrations during the fourth quarter valued at approximately $288,000. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Power Integrations by 5.4% in the fourth 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 during the period. Park Avenue Securities LLC purchased a new position in shares of Power Integrations during the fourth quarter valued at approximately $227,000. Finally, Barclays PLC lifted its position in Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after purchasing an additional 114,644 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on POWI shares. Stifel Nicolaus decreased their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Benchmark reiterated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $73.83.

Power Integrations Stock Up 1.0 %

NASDAQ POWI traded up $0.47 during trading hours on Thursday, reaching $49.59. The company's stock had a trading volume of 417,496 shares, compared to its average volume of 454,714. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The firm's 50-day moving average price is $52.52 and its 200-day moving average price is $59.24. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 86.98, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly 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 return on equity of 4.48% and a net margin of 7.69%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued 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 1.69%. Power Integrations's payout ratio is 147.37%.

Insiders Place Their Bets

In other 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 transaction of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the sale, the vice president now owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock valued at $3,075,198 over the last 90 days. Insiders own 1.40% of the company's stock.

Power Integrations Company 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.