Mutual of America Capital Management LLC Has $2.89 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Mutual of America Capital Management LLC trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,160 shares of the semiconductor company’s stock after selling 2,167 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Power Integrations were worth $2,887,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Power Integrations by 5.8% during the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after purchasing an additional 123,988 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Power Integrations by 2.1% in the third quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock worth $38,399,000 after acquiring an additional 10,271 shares during the period. Seven Eight Capital LP lifted its stake in shares of Power Integrations by 34.7% in the third quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 1,076 shares during the period. Inspire Investing LLC lifted its stake in shares of Power Integrations by 18.5% in the third quarter. Inspire Investing LLC now owns 4,547 shares of the semiconductor company’s stock worth $347,000 after acquiring an additional 711 shares during the period. Finally, Alps Advisors Inc. lifted its stake in shares of Power Integrations by 106.8% in the third quarter. Alps Advisors Inc. now owns 57,520 shares of the semiconductor company’s stock worth $4,389,000 after acquiring an additional 29,701 shares during the period.

Insider Activity

In other news, CEO Balu Balakrishnan sold 9,799 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now owns 552,161 shares in the company, valued at $37,883,766.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Balu Balakrishnan sold 9,799 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now owns 552,161 shares in the company, valued at $37,883,766.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Mh Matthews sold 1,095 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $80,986.20. Following the sale, the insider now owns 59,733 shares of the company’s stock, valued at approximately $4,417,852.68. The disclosure for this sale can be found here. Insiders sold a total of 57,411 shares of company stock worth $4,203,262 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research note on Monday, February 26th. TD Cowen lifted their price objective on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Benchmark lifted their price objective on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their target price on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.17.

Power Integrations Stock Performance

Shares of POWI stock opened at $63.96 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of 65.94 and a beta of 1.21. The stock has a 50 day simple moving average of $71.30 and a two-hundred day simple moving average of $75.05. Power Integrations, Inc. has a fifty-two week low of $63.85 and a fifty-two week high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. On average, research analysts predict that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. Power Integrations’s dividend payout ratio is 82.47%.

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.