Bessemer Group Inc. Sells 1,035 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Bessemer Group Inc. reduced its position in Power Integrations, Inc. (NASDAQ:POWI) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the semiconductor company’s stock after selling 1,035 shares during the period. Bessemer Group Inc.’s holdings in Power Integrations were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Power Integrations during the fourth quarter valued at approximately $288,000. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Power Integrations by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company’s stock worth $40,412,000 after acquiring an additional 33,741 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Power Integrations in the 4th quarter worth $227,000. Finally, Barclays PLC raised its holdings in shares of Power Integrations by 173.4% in the third 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.

Insider Buying and Selling

In related news, VP Clifford Walker sold 1,088 shares of Power Integrations stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at approximately $7,214,420.85. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,105 shares of company stock valued at $3,075,198. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on POWI shares. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Down 0.9 %

POWI opened at $45.56 on Wednesday. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The company’s 50-day moving average price is $55.45 and its two-hundred day moving average price is $60.38. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 79.93, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS 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%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.84%. Power Integrations’s payout ratio is 147.37%.

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.