Boston Trust Walden Corp Sells 19,848 Shares of Power Integrations, Inc. $POWI

Boston Trust Walden Corp cut its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 713,899 shares of the semiconductor company’s stock after selling 19,848 shares during the period. Boston Trust Walden Corp owned approximately 1.27% of Power Integrations worth $39,907,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of POWI. Invesco Ltd. raised its holdings in Power Integrations by 1,345.8% in the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company’s stock worth $66,367,000 after buying an additional 1,223,310 shares during the last quarter. American Century Companies Inc. purchased a new position in Power Integrations in the first quarter worth about $36,919,000. ASR Vermogensbeheer N.V. purchased a new position in Power Integrations in the first quarter worth about $14,215,000. Foresight Group Ltd Liability Partnership purchased a new position in Power Integrations in the first quarter worth about $11,271,000. Finally, Stephens Investment Management Group LLC raised its holdings in Power Integrations by 30.5% in the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company’s stock worth $37,318,000 after buying an additional 172,530 shares during the last quarter.

Power Integrations Trading Up 9.0%

Shares of POWI stock opened at $47.03 on Wednesday. Power Integrations, Inc. has a 12 month low of $34.55 and a 12 month high of $69.53. The stock has a market cap of $2.64 billion, a P/E ratio of 81.09, a P/E/G ratio of 2.82 and a beta of 1.37. The company has a 50 day simple moving average of $43.54 and a two-hundred day simple moving average of $49.03.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The business had revenue of $115.85 million during the quarter, compared to analysts’ expectations of $115.02 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 29th. Power Integrations’s dividend payout ratio is currently 144.83%.

Insider Buying and Selling

In other Power Integrations news, VP Doug Bailey sold 16,989 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the sale, the vice president directly owned 50,798 shares of the company’s stock, valued at approximately $2,357,535.18. This represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gagan Jain sold 2,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the sale, the vice president directly owned 18,812 shares of the company’s stock, valued at approximately $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,470 shares of company stock valued at $1,697,214. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POWI. Susquehanna decreased their target price on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a report on Wednesday, October 8th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a report on Tuesday, September 23rd. Finally, Wall Street Zen cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

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.