Xponance Inc. Has $495,000 Stake in Power Integrations, Inc. (NASDAQ:POWI)

Xponance Inc. raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,027 shares of the semiconductor company’s stock after purchasing an additional 371 shares during the period. Xponance Inc.’s holdings in Power Integrations were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in POWI. Wellington Management Group LLP lifted its stake in shares of Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after acquiring an additional 476,986 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $7,470,000. Barclays PLC boosted its stake in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after purchasing an additional 114,644 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Power Integrations during the fourth quarter worth $5,210,000. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

POWI stock opened at $55.74 on Wednesday. The stock’s 50 day simple moving average is $60.20 and its 200 day simple moving average is $61.88. The company has a market cap of $3.17 billion, a P/E ratio of 97.79, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $54.04 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI) last issued 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 4.48% and a net margin of 7.69%. Equities analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. Power Integrations’s dividend payout ratio is presently 147.37%.

Insider Activity at Power Integrations

In other news, 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 completion of the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is 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.