UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Power Integrations, Inc. (NASDAQ:POWI) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,365 shares of the semiconductor company’s stock after purchasing an additional 1,371 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Power Integrations worth $9,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Snowden Capital Advisors LLC boosted its holdings in shares of Power Integrations by 1.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 211 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares in the last quarter. Covestor Ltd boosted its holdings in Power Integrations by 16.9% during the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 234 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Finally, US Bancorp DE boosted its holdings in Power Integrations by 3.3% during the 4th quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company’s stock valued at $679,000 after acquiring an additional 353 shares during the period.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of the transaction, the chief financial officer now owns 107,357 shares of the company’s stock, valued at $5,463,397.73. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the transaction, the chief executive officer now directly owns 590,580 shares of the company’s stock, valued at $30,231,790.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock valued at $642,092 in the last 90 days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

POWI has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Wall Street Zen cut Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus increased their target price on Power Integrations from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Power Integrations Price Performance

POWI opened at $49.91 on Friday. The business has a 50 day simple moving average of $49.53 and a two-hundred day simple moving average of $57.39. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 87.56, a PEG ratio of 4.08 and a beta of 1.31. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Power Integrations’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations’s payout ratio is 129.23%.

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.