Fuller & Thaler Asset Management Inc. Purchases 1,043 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,114 shares of the semiconductor company’s stock after buying an additional 1,043 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.05% of Power Integrations worth $1,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in POWI. UMB Bank n.a. raised its holdings in Power Integrations by 43.9% during 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 period. Pacer Advisors Inc. increased its holdings in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares in the last quarter. Covestor Ltd raised its stake in shares of Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 234 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Finally, US Bancorp DE raised its position in Power Integrations by 3.3% in the 4th quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company’s stock valued at $679,000 after buying an additional 353 shares during the last quarter.

Insiders Place Their Bets

In other news, VP Radu Barsan sold 10,393 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Clifford Walker sold 2,472 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 $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,105 shares of company stock worth $3,075,198. 1.40% of the stock is owned by corporate insiders.

Power Integrations Stock Performance

POWI stock opened at $50.68 on Friday. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13. The company has a market capitalization of $2.88 billion, a P/E ratio of 88.91, a PEG ratio of 4.08 and a beta of 1.32. The company has a fifty day moving average price of $53.47 and a 200-day moving average price of $59.52.

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 analysts’ consensus estimates 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 forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.66%. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus lowered their price objective on shares of Power Integrations from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.83.

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.