Yousif Capital Management LLC Has $979,000 Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Yousif Capital Management LLC trimmed its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,382 shares of the semiconductor company’s stock after selling 556 shares during the quarter. Yousif Capital Management LLC’s holdings in Power Integrations were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Power Integrations during the fourth quarter valued at approximately $51,000. UMB Bank n.a. boosted its holdings in Power Integrations by 91.6% during the first quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 576 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 234 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on POWI. Stifel Nicolaus lifted their price objective on Power Integrations from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Insiders Place Their Bets

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the transaction, the vice president now owns 141,765 shares of the company’s stock, valued at approximately $7,214,420.85. This represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 1,929 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,561 shares of company stock valued at $642,092. 1.40% of the stock is currently owned by corporate insiders.

Power Integrations Price Performance

Shares of POWI opened at $54.04 on Thursday. The company has a market capitalization of $3.04 billion, a P/E ratio of 83.14, a PEG ratio of 2.23 and a beta of 1.29. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $79.13. The business’s 50 day simple moving average is $51.28 and its 200-day simple moving average is $56.68.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $105.53 million for the quarter, compared to the consensus estimate of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. Power Integrations’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations’s dividend payout ratio is 129.23%.

Power Integrations Company 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.