Riverbridge Partners LLC Sells 45,302 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Riverbridge Partners LLC cut its stake in Power Integrations, Inc. (NASDAQ:POWI) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,351 shares of the semiconductor company’s stock after selling 45,302 shares during the period. Riverbridge Partners LLC’s holdings in Power Integrations were worth $31,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. raised its stake in Power Integrations by 43.9% in 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 in the last quarter. Park Avenue Securities LLC bought a new position in Power Integrations in the 4th quarter valued at about $227,000. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Power Integrations by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company’s stock worth $805,000 after acquiring an additional 2,331 shares in the last quarter.

Insider Activity

In related news, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the transaction, the vice president now owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,655 shares of company stock valued at $1,205,566. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

POWI has been the topic of a number of research analyst reports. Susquehanna reduced 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. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Price Performance

NASDAQ:POWI opened at $62.93 on Thursday. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $85.00. The company has a market cap of $3.58 billion, a PE ratio of 95.35, a P/E/G ratio of 4.13 and a beta of 1.12. The firm’s 50 day simple moving average is $63.05 and its 200 day simple moving average is $64.33.

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

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.21 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.33%. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

Power Integrations 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.