2 weeks Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. boosted its stake in shares of Power Integrations, Inc. ( NASDAQ:POWI – Free Report ) by 5.
1% during the fourth quarter, Holdings Channel reports. The fund owned 9,243 shares of the semiconductor company’s stock after acquiring an additional 448 shares during the period. Envestnet Portfolio Solutions Inc.
’s holdings in Power Integrations were worth $570,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWI. State Street Corp lifted its position in shares of Power Integrations by 1.
1% during the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after purchasing an additional 27,488 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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. Disciplined Growth Investors Inc.
MN lifted its holdings in Power Integrations by 4.0% during 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 in the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of Power Integrations by 1.2% in the 4th quarter.
Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock valued at $75,376,000 after buying an additional 14,530 shares during the period. Power Integrations Trading Down 1.3 % Shares of POWI opened at $55.
74 on Wednesday. The stock has a market cap of $3.17 billion, a P/E ratio of 97.
79, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.
The stock’s 50-day moving average price is $60.20 and its two-hundred day moving average price is $61.88.
Power Integrations, Inc. has a 1 year low of $54.04 and a 1 year high of $79.
13. Power Integrations Announces Dividend 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 paid a dividend of $0.
21 per share. This represents a $0.84 annualized dividend and a yield of 1.
51%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is presently 147.
37%. Analyst Ratings Changes Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $78.
00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.00.
Check Out Our Latest Research Report on Power Integrations Insiders Place Their Bets In other Power Integrations news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at approximately $2,993,093.60.
The trade was a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.
48. Following the sale, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at $36,384,121.28.
This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here .
Over the last ninety days, insiders have sold 39,544 shares of company stock worth $2,433,105. Corporate insiders own 1.70% of the company’s stock.
Power Integrations Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Power Integrations, Inc. ( NASDAQ:POWI – Free Report ). Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.
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