Capital Fund Management S.A. Sells 21,627 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Capital Fund Management S.A. decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 43.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,717 shares of the semiconductor company’s stock after selling 21,627 shares during the quarter. Capital Fund Management S.A.’s holdings in Power Integrations were worth $1,772,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of POWI. Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% in 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. Versant Capital Management Inc grew its stake in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after buying an additional 385 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Power Integrations by 43.0% during the 4th quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 767 shares in the last quarter.

Insider Buying and Selling

In other news, VP Clifford Walker sold 2,472 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock valued at $3,075,198 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on POWI. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Benchmark reissued a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three equities research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Down 0.9 %

POWI stock 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 firm 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. The business’s fifty day simple moving average is $55.45 and its two-hundred day simple moving average is $60.38.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results 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 return on equity of 4.48% and a net margin of 7.69%. Research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis 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.