Cwm LLC Has $38,000 Stake in Power Integrations, Inc. (NASDAQ:POWI)

Cwm LLC reduced its stake in Power Integrations, Inc. (NASDAQ:POWI) by 58.2% during the fourth quarter, HoldingsChannel reports. The firm owned 458 shares of the semiconductor company’s stock after selling 637 shares during the quarter. Cwm LLC’s holdings in Power Integrations were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Power Integrations by 5.8% in 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 acquiring an additional 123,988 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Power Integrations by 6.4% during the fourth quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock worth $42,809,000 after buying an additional 31,260 shares during the period. Fiera Capital Corp raised its stake in Power Integrations by 2.1% during the third quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock worth $38,399,000 after buying an additional 10,271 shares during the last quarter. Seven Eight Capital LP lifted its holdings in Power Integrations by 34.7% in the third quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 1,076 shares during the period. Finally, Alps Advisors Inc. boosted its position in Power Integrations by 106.8% during the third quarter. Alps Advisors Inc. now owns 57,520 shares of the semiconductor company’s stock valued at $4,389,000 after acquiring an additional 29,701 shares during the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $77.34 on Friday. The firm has a market cap of $4.40 billion, a P/E ratio of 84.07 and a beta of 1.20. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $99.60. The business’s 50 day simple moving average is $69.70 and its two-hundred day simple moving average is $74.28.

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

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, May 31st. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Transactions at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated 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 transaction, the chief executive officer now owns 552,161 shares in the company, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Balu Balakrishnan sold 9,799 shares of the firm’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 value of $672,309.39. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Yang Chiah Yee sold 996 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.06, for a total value of $79,739.76. Following the sale, the vice president now owns 32,625 shares of the company’s stock, valued at approximately $2,611,957.50. The disclosure for this sale can be found here. Insiders sold a total of 48,106 shares of company stock valued at $3,518,339 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on POWI. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. TD Cowen lifted their target price on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a research report on Monday, February 26th. Finally, Benchmark lifted their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.40.

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.