Envestnet Asset Management Inc. Sells 12,578 Shares of Power Integrations, Inc. $POWI

Envestnet Asset Management Inc. decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,179 shares of the semiconductor company’s stock after selling 12,578 shares during the period. Envestnet Asset Management Inc. owned approximately 0.52% of Power Integrations worth $11,628,000 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 POWI. Y Intercept Hong Kong Ltd bought a new stake in Power Integrations in the third quarter worth $3,997,000. Copeland Capital Management LLC increased its holdings in shares of Power Integrations by 7.2% in the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after buying an additional 86,123 shares during the period. ASR Vermogensbeheer N.V. lifted its stake in shares of Power Integrations by 8.2% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after acquiring an additional 23,354 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Power Integrations by 119.8% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock valued at $3,753,000 after acquiring an additional 36,592 shares during the period. Finally, Marshall Wace LLP grew its position in Power Integrations by 173.6% during the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after acquiring an additional 268,875 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other news, Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the sale, the director directly owned 576,256 shares of the company’s stock, valued at $27,199,283.20. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the sale, the chief executive officer owned 76,307 shares in the company, valued at $3,553,616.99. The trade was a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,070 shares of company stock valued at $1,787,703 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

Power Integrations Price Performance

POWI stock opened at $45.73 on Wednesday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The firm has a 50-day moving average of $41.65 and a 200 day moving average of $41.37. The company has a market cap of $2.54 billion, a P/E ratio of 117.26, a PEG ratio of 3.58 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.215 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio (DPR) is presently 215.38%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Zacks Research cut shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Susquehanna boosted their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.00.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.