EFG Asset Management North America Corp. Has $3.78 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

EFG Asset Management North America Corp. lifted its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 90.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 61,289 shares of the semiconductor company’s stock after buying an additional 29,125 shares during the quarter. EFG Asset Management North America Corp. owned about 0.11% of Power Integrations worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of POWI. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after acquiring an additional 28,548 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Integrations in the fourth quarter valued at approximately $288,000. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. BNP Paribas Financial Markets lifted its holdings in Power Integrations by 89.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 27,016 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Power Integrations in the 4th quarter valued at $227,000.

Power Integrations Stock Up 2.9 %

POWI opened at $56.45 on Tuesday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 99.04, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a twelve month low of $54.04 and a twelve month high of $79.13. The company has a 50-day simple moving average of $60.31 and a 200 day simple moving average of $61.89.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.49%. Power Integrations’s dividend payout ratio is currently 147.37%.

Insider Buying and Selling

In related news, CFO Sandeep Nayyar sold 1,877 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the sale, the vice president now owns 143,718 shares in the company, valued at $8,337,081.18. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 in the last ninety days. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

POWI has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Company 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.