Vontobel Holding Ltd. Sells 6,871 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Vontobel Holding Ltd. lowered its position in Power Integrations, Inc. (NASDAQ:POWI) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 375,402 shares of the semiconductor company’s stock after selling 6,871 shares during the period. Vontobel Holding Ltd.’s holdings in Power Integrations were worth $23,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in POWI. SG Americas Securities LLC lifted its holdings in shares of Power Integrations by 9.1% in the third quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 536 shares in the last quarter. Creative Planning lifted its holdings in shares of Power Integrations by 19.5% in the third quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after purchasing an additional 2,430 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Power Integrations in the third quarter valued at approximately $359,000. AlphaMark Advisors LLC bought a new position in shares of Power Integrations in the third quarter valued at approximately $338,000. Finally, Copeland Capital Management LLC lifted its holdings in shares of Power Integrations by 21.5% in 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 in the last quarter.

Insiders Place Their Bets

In other news, CFO Sandeep Nayyar sold 1,877 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at $6,535,000.53. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 6,012 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.26, for a total value of $350,259.12. Following the completion of the transaction, the chief executive officer now directly owns 605,365 shares of the company’s stock, valued at $35,268,564.90. The trade was a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,151 shares of company stock valued at $2,389,936 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Power Integrations Trading Down 0.3 %

Shares of POWI opened at $59.58 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 104.53, a PEG ratio of 3.96 and a beta of 1.11. The stock has a 50 day moving average of $61.91 and a 200 day moving average of $62.81. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $79.13.

Power Integrations (NASDAQ:POWI) last released 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 return on equity of 4.49% and a net margin of 7.69%. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on POWI. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

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.