Pier Capital LLC Has $7.06 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Pier Capital LLC increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,375 shares of the semiconductor company’s stock after purchasing an additional 1,901 shares during the quarter. Pier Capital LLC owned approximately 0.20% of Power Integrations worth $7,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EFG Asset Management North America Corp. increased its stake in shares of Power Integrations by 90.6% in the fourth quarter. EFG Asset Management North America Corp. now owns 61,289 shares of the semiconductor company’s stock valued at $3,780,000 after buying an additional 29,125 shares during the period. Vanguard Group Inc. increased its position in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after purchasing an additional 114,047 shares during the period. LPL Financial LLC raised its holdings in Power Integrations by 14.8% during the 4th quarter. LPL Financial LLC now owns 18,707 shares of the semiconductor company’s stock worth $1,154,000 after purchasing an additional 2,407 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $697,000. Finally, Sei Investments Co. boosted its stake in shares of Power Integrations by 4.9% in the 4th quarter. Sei Investments Co. now owns 96,598 shares of the semiconductor company’s stock valued at $5,960,000 after purchasing an additional 4,477 shares during the last quarter.

Power Integrations Trading Up 2.9 %

NASDAQ:POWI opened at $56.45 on Tuesday. Power Integrations, Inc. has a 12 month low of $54.04 and a 12 month high of $79.13. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 99.04, a PEG ratio of 4.08 and a beta of 1.11. The firm has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $61.89.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Equities analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on POWI shares. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling

In other news, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Nayyar sold 1,877 shares of the firm’s stock in a transaction dated 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 approximately $6,535,000.53. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock worth $2,433,105 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

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.