Zurcher Kantonalbank Zurich Cantonalbank Buys 416 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Power Integrations, Inc. (NASDAQ:POWI) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 14,277 shares of the semiconductor company’s stock after buying an additional 416 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Power Integrations were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its holdings 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 valued at $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. grew its position in shares of 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 during the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations in the third quarter worth about $87,000. Finally, KBC Group NV lifted its position in shares of Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares during the last quarter.

Analyst Ratings Changes

POWI has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 2.7 %

Shares of NASDAQ POWI opened at $55.59 on Friday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 97.53, a PEG ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a one year low of $54.55 and a one year high of $79.13. The business has a fifty day simple moving average of $60.49 and a 200 day simple moving average of $62.00.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. On average, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared 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 1.51%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insiders Place Their Bets

In other news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock worth $2,433,105 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

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.