Power Integrations, Inc. $POWI Stake Trimmed by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 357,594 shares of the semiconductor company’s stock after selling 19,518 shares during the period. Riverbridge Partners LLC owned about 0.65% of Power Integrations worth $12,709,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Power Integrations by 108.7% in the fourth quarter. SG Americas Securities LLC now owns 44,351 shares of the semiconductor company’s stock worth $1,576,000 after acquiring an additional 23,096 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Power Integrations in the 3rd quarter valued at approximately $2,640,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Power Integrations in the 3rd quarter valued at approximately $243,000. Voloridge Investment Management LLC boosted its stake in Power Integrations by 57.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 410,797 shares of the semiconductor company’s stock worth $16,518,000 after purchasing an additional 150,152 shares during the period. Finally, Westerly Capital Management LLC boosted its stake in Power Integrations by 140.0% in the 3rd quarter. Westerly Capital Management LLC now owns 120,000 shares of the semiconductor company’s stock worth $4,825,000 after purchasing an additional 70,000 shares during the period.

Analysts Set New Price Targets

Several analysts have issued reports on POWI shares. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.00.

Power Integrations Stock Performance

Shares of POWI opened at $50.05 on Friday. The company has a market capitalization of $2.78 billion, a PE ratio of 128.34, a PEG ratio of 3.95 and a beta of 1.34. The company’s 50 day moving average price is $46.72 and its 200 day moving average price is $41.71. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $60.12.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.7%. Power Integrations’s payout ratio is 220.51%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Gagan Jain sold 3,481 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Balu Balakrishnan sold 4,995 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the completion of the transaction, the director directly owned 576,256 shares in the company, valued at approximately $27,199,283.20. The trade was a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,518 shares of company stock worth $1,920,642 in the last ninety days. Company insiders own 1.40% of the company’s stock.

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.