Trust Point Inc. Sells 7,033 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Trust Point Inc. lessened its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 26.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,474 shares of the semiconductor company’s stock after selling 7,033 shares during the period. Trust Point Inc.’s holdings in Power Integrations were worth $1,202,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp boosted its position in Power Integrations by 1.1% during the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after acquiring an additional 27,488 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares during the last quarter. Geode Capital Management LLC lifted its position in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after acquiring an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in Power Integrations by 1.2% during the fourth quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock valued at $75,376,000 after acquiring an additional 14,530 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI opened at $60.37 on Tuesday. The firm’s fifty day moving average is $62.81 and its two-hundred day moving average is $63.50. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 91.47, a PEG ratio of 4.06 and a beta of 1.11. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $85.00.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.21 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, November 29th. Power Integrations’s dividend payout ratio is presently 127.27%.

Insider Activity

In other news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Clifford Walker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. The trade was a 7.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

POWI has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Susquehanna lowered their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.