Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 64,027 shares of the semiconductor company’s stock after selling 2,623 shares during the period. Congress Wealth Management LLC DE’s holdings in Power Integrations were worth $5,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in POWI. GAMMA Investing LLC acquired a new position in Power Integrations during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its position in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Power Integrations in the third quarter valued at approximately $65,000. Headlands Technologies LLC lifted its position in Power Integrations by 374.6% during the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 854 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Power Integrations by 17.4% during the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company’s stock worth $108,000 after buying an additional 211 shares during the period.

Power Integrations Trading Up 1.3 %

NASDAQ POWI traded up $0.96 during mid-day trading on Friday, reaching $77.19. 279,495 shares of the company’s stock traded hands, compared to its average volume of 461,184. The company has a fifty day simple moving average of $70.64 and a 200-day simple moving average of $74.77. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 83.90, a P/E/G ratio of 4.25 and a beta of 1.20.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. The business had revenue of $91.69 million during the quarter, compared to the consensus estimate of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. Equities research analysts forecast that Power Integrations, Inc. will post 0.74 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, May 31st. Power Integrations’s payout ratio is currently 86.96%.

Insider Activity

In related news, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the completion of the transaction, the vice president now directly owns 140,834 shares in the company, valued at $9,723,179.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Clifford Walker sold 1,096 shares of Power Integrations stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the completion of the transaction, the vice president now owns 140,834 shares in the company, valued at approximately $9,723,179.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Sunil Gupta sold 4,512 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $78.25, for a total value of $353,064.00. Following the completion of the sale, the vice president now owns 53,861 shares of the company’s stock, valued at $4,214,623.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,182 shares of company stock worth $2,606,350. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on POWI. Benchmark lifted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. TD Cowen upped their target price on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and an average price target of $87.40.

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.