Public Employees Retirement Association of Colorado Sells 2,144 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Public Employees Retirement Association of Colorado lessened its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,807 shares of the semiconductor company’s stock after selling 2,144 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Power Integrations were worth $18,518,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Power Integrations during the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC purchased a new stake in shares of Power Integrations during the 1st quarter valued at about $55,000. Finally, Covestor Ltd boosted its holdings in shares of Power Integrations by 16.3% during the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 222 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other news, CFO Sandeep Nayyar sold 4,839 shares of Power Integrations stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $77.25, for a total transaction of $373,812.75. Following the sale, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Sandeep Nayyar sold 4,839 shares of Power Integrations stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $77.25, for a total transaction of $373,812.75. Following the sale, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Mh Matthews sold 5,000 shares of Power Integrations stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $76.88, for a total transaction of $384,400.00. Following the sale, the insider now owns 63,229 shares in the company, valued at approximately $4,861,045.52. The disclosure for this sale can be found here. Insiders have sold 32,100 shares of company stock valued at $2,481,667 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of Power Integrations in a report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.40.

Power Integrations Price Performance

Shares of POWI traded up $0.22 on Monday, reaching $73.18. The company’s stock had a trading volume of 102,242 shares, compared to its average volume of 391,928. The stock has a market capitalization of $4.15 billion, a P/E ratio of 80.72, a PEG ratio of 4.07 and a beta of 1.11. The stock’s 50 day simple moving average is $73.78 and its two-hundred day simple moving average is $72.99. Power Integrations, Inc. has a 12-month low of $62.13 and a 12-month high of $97.37.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The business had revenue of $91.69 million for the quarter, compared to the consensus estimate of $89.98 million. Analysts expect that Power Integrations, Inc. will post 0.73 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, May 31st. Power Integrations’s dividend payout ratio is currently 86.96%.

Power Integrations 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.