Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in Power Integrations, Inc. (NASDAQ:POWI – Get Rating) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,420 shares of the semiconductor company’s stock after selling 16,430 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.32% of Power Integrations worth $11,862,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of POWI. Quadrant Capital Group LLC raised its position in shares of Power Integrations by 39.3% in the third quarter. Quadrant Capital Group LLC now owns 712 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 201 shares during the last quarter. Bessemer Group Inc. increased its position in Power Integrations by 86.1% during the third quarter. Bessemer Group Inc. now owns 774 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 358 shares during the last quarter. Exchange Traded Concepts LLC increased its position in 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 purchasing an additional 209 shares during the last quarter. Signaturefd LLC increased its position in Power Integrations by 61.3% during the third quarter. Signaturefd LLC now owns 839 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 319 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Power Integrations by 91.7% during the third quarter. Advisors Asset Management Inc. now owns 1,083 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 99.00% of the company’s stock.

Insider Activity

In other news, insider David Mh Matthews sold 5,964 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $82.47, for a total value of $491,851.08. Following the completion of the transaction, the insider now directly owns 101,172 shares in the company, valued at $8,343,654.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Power Integrations news, insider David Mh Matthews sold 5,964 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $82.47, for a total transaction of $491,851.08. Following the transaction, the insider now directly owns 101,172 shares in the company, valued at approximately $8,343,654.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Doug Bailey sold 549 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $89.52, for a total transaction of $49,146.48. Following the transaction, the vice president now owns 110,131 shares in the company, valued at $9,858,927.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,499 shares of company stock worth $3,651,059. 1.60% of the stock is currently owned by company insiders.

Power Integrations Trading Down 0.8 %

Shares of POWI stock opened at $84.13 on Friday. The company has a market capitalization of $4.79 billion, a PE ratio of 28.71 and a beta of 1.19. The firm has a fifty day simple moving average of $83.69 and a 200-day simple moving average of $75.21. Power Integrations, Inc. has a twelve month low of $59.16 and a twelve month high of $98.92.

Power Integrations (NASDAQ:POWI – Get Rating) last announced its earnings results on Monday, February 6th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $124.80 million during the quarter, compared to the consensus estimate of $125.55 million. Power Integrations had a net margin of 26.24% and a return on equity of 22.72%. The business’s quarterly revenue was down 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. Equities research analysts predict that Power Integrations, Inc. will post 1.56 EPS for the current year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be paid a $0.19 dividend. The ex-dividend date is Monday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.90%. Power Integrations’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

POWI has been the subject of several research analyst reports. Cowen upped their price target on shares of Power Integrations from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, February 7th. Benchmark upped their price target on shares of Power Integrations from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. StockNews.com assumed coverage on shares of Power Integrations in a research report on Thursday. They set a “hold” rating for the company. Finally, Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a research report on Monday, November 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.14.

Power Integrations Company Profile

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Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Klas Eklund, Art Fury and Steven J.