Raymond James & Associates Sells 13,117 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Raymond James & Associates reduced its holdings in shares of Power Integrations, Inc. (NASDAQ:POWIGet Rating) by 30.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,949 shares of the semiconductor company’s stock after selling 13,117 shares during the quarter. Raymond James & Associates owned approximately 0.05% of Power Integrations worth $1,926,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in POWI. O Shaughnessy Asset Management LLC boosted its position in Power Integrations by 2.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 6,022 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 136 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Power Integrations by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 32,170 shares of the semiconductor company’s stock worth $2,982,000 after buying an additional 170 shares during the period. Madison Asset Management LLC raised its holdings in Power Integrations by 0.3% in the 2nd quarter. Madison Asset Management LLC now owns 57,129 shares of the semiconductor company’s stock valued at $4,285,000 after acquiring an additional 184 shares during the period. Martingale Asset Management L P lifted its position in Power Integrations by 0.8% during the second quarter. Martingale Asset Management L P now owns 25,503 shares of the semiconductor company’s stock worth $1,914,000 after acquiring an additional 200 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Power Integrations by 34.3% during the third quarter. Exchange Traded Concepts LLC now owns 819 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 209 shares during the period. 99.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Power Integrations

In related news, VP David Mh Matthews sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $76.64, for a total value of $383,200.00. Following the sale, the vice president now directly owns 101,233 shares of the company’s stock, valued at $7,758,497.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 11,104 shares of company stock valued at $860,085. Corporate insiders own 1.60% of the company’s stock.

Power Integrations Stock Up 2.2 %

POWI stock opened at $86.55 on Tuesday. The company’s 50-day moving average price is $76.64 and its two-hundred day moving average price is $73.84. The firm has a market cap of $4.95 billion, a P/E ratio of 27.13 and a beta of 1.15. Power Integrations, Inc. has a 12 month low of $59.16 and a 12 month high of $98.92.

Power Integrations (NASDAQ:POWIGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. Power Integrations had a net margin of 27.00% and a return on equity of 23.96%. The business had revenue of $160.23 million for the quarter, compared to analyst estimates of $163.25 million. Equities analysts predict that Power Integrations, Inc. will post 2.88 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.83%. Power Integrations’s payout ratio is 22.57%.

Analyst Ratings Changes

Several research firms recently weighed in on POWI. TheStreet cut Power Integrations from an “a-” rating to a “c” rating in a report on Friday, November 4th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research report on Monday, November 21st. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, October 15th. Cowen downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $65.00 in a report on Thursday, November 3rd. Finally, Cowen lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $65.00 in a research report on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.86.

Power Integrations Company Profile

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Power Integrations, Inc is engaged in the designing, development, and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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