Russell Investments Group Ltd. Reduces Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Russell Investments Group Ltd. lessened its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 65,603 shares of the semiconductor company’s stock after selling 969 shares during the quarter. Russell Investments Group Ltd.’s holdings in Power Integrations were worth $5,387,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL boosted its stake in shares of Power Integrations by 5.1% in the third quarter. Blair William & Co. IL now owns 3,494 shares of the semiconductor company’s stock worth $267,000 after buying an additional 169 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Power Integrations by 0.4% in the third quarter. Bahl & Gaynor Inc. now owns 47,353 shares of the semiconductor company’s stock worth $3,614,000 after buying an additional 177 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Power Integrations by 2.2% in the fourth quarter. Handelsbanken Fonder AB now owns 9,502 shares of the semiconductor company’s stock worth $780,000 after buying an additional 200 shares during the last quarter. Signaturefd LLC boosted its position in Power Integrations by 17.4% during the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 211 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Power Integrations by 3.9% during the third quarter. Glenmede Trust Co. NA now owns 6,020 shares of the semiconductor company’s stock worth $459,000 after purchasing an additional 228 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Balu Balakrishnan sold 5,232 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $81.02, for a total value of $423,896.64. Following the completion of the transaction, the chief executive officer now directly owns 508,461 shares in the company, valued at $41,195,510.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Balu Balakrishnan sold 5,232 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $81.02, for a total transaction of $423,896.64. Following the completion of the transaction, the chief executive officer now directly owns 508,461 shares in the company, valued at $41,195,510.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sandeep Nayyar sold 2,812 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.99, for a total value of $224,931.88. Following the transaction, the chief financial officer now owns 67,359 shares of the company’s stock, valued at $5,388,046.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,106 shares of company stock worth $3,518,339. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on POWI shares. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target on the stock in a research report on Monday, February 26th. Benchmark increased their price target on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. TD Cowen increased their target price on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Finally, StockNews.com raised 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average target price of $87.40.

Power Integrations Stock Performance

NASDAQ:POWI opened at $77.34 on Friday. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60. The stock has a market cap of $4.40 billion, a PE ratio of 84.07 and a beta of 1.20. The stock has a 50 day moving average price of $69.70 and a 200 day moving average price of $74.28.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to analysts’ expectations of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. As a group, analysts predict 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. Investors of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.03%. Power Integrations’s payout ratio is 86.96%.

About Power Integrations

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.