M&T Bank Corp Boosts Holdings in Power Integrations, Inc. (NASDAQ:POWI)

M&T Bank Corp lifted its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,672 shares of the semiconductor company’s stock after purchasing an additional 12,037 shares during the period. M&T Bank Corp owned about 0.09% of Power Integrations worth $3,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Power Integrations by 25.6% during 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 in the last quarter. Barclays PLC boosted its stake in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after acquiring an additional 114,644 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after purchasing an additional 80,761 shares in the last quarter. WCM Investment Management LLC raised its stake in Power Integrations by 37.3% in the 3rd quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company’s stock valued at $16,031,000 after purchasing an additional 68,502 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Power Integrations by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after purchasing an additional 63,150 shares in the last quarter.

Insiders Place Their Bets

In related news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock valued at $2,433,105 over the last quarter. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

POWI has been the subject of a number of research reports. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Up 5.2 %

NASDAQ POWI opened at $62.78 on Friday. The business’s fifty day simple moving average is $61.36 and its 200-day simple moving average is $62.55. The firm has a market cap of $3.57 billion, a PE ratio of 110.14, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $79.13.

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

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.34%. Power Integrations’s payout ratio is 147.37%.

About Power Integrations

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.