Trust Point Inc. Lowers Stake in Power Integrations, Inc. (NASDAQ:POWI)

Trust Point Inc. lessened its position in Power Integrations, Inc. (NASDAQ:POWI) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,474 shares of the semiconductor company’s stock after selling 7,033 shares during the quarter. Trust Point Inc.’s holdings in Power Integrations were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Power Integrations by 21.5% during the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after purchasing an additional 213,392 shares during the period. M&G PLC bought a new position in shares of Power Integrations in the third quarter worth approximately $9,820,000. Barclays PLC increased its stake in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after buying an additional 114,644 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of Power Integrations by 18.4% in the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after buying an additional 96,609 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on POWI. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Finally, Susquehanna dropped their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three equities research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insiders Place Their Bets

In related news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now directly owns 86,375 shares in the company, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $60.37 on Tuesday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $85.00. The firm has a 50-day moving average of $62.81 and a 200 day moving average of $63.50. The stock has a market cap of $3.43 billion, a P/E ratio of 91.47, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. Research analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a $0.21 dividend. The ex-dividend date was Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.39%. Power Integrations’s dividend payout ratio is 127.27%.

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.