Daiwa Securities Group Inc. Reduces Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Daiwa Securities Group Inc. lessened its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,500 shares of the semiconductor company’s stock after selling 16,400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Power Integrations were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in Power Integrations by 5.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after buying an additional 123,988 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Power Integrations by 6.4% in the fourth quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock worth $42,809,000 after purchasing an additional 31,260 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Power Integrations by 2.1% in the third quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock worth $38,399,000 after purchasing an additional 10,271 shares during the last quarter. Seven Eight Capital LP increased its holdings in Power Integrations by 34.7% during the 3rd quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 1,076 shares during the period. Finally, Alps Advisors Inc. raised its position in Power Integrations by 106.8% during the 3rd quarter. Alps Advisors Inc. now owns 57,520 shares of the semiconductor company’s stock valued at $4,389,000 after purchasing an additional 29,701 shares during the last quarter.

Insider Buying and Selling

In other Power Integrations news, VP Doug Bailey sold 822 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the completion of the sale, the vice president now directly owns 99,106 shares in the company, valued at approximately $7,329,879.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction 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 $9,723,179.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 822 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $60,795.12. Following the sale, the vice president now directly owns 99,106 shares in the company, valued at $7,329,879.76. The disclosure for this sale can be found here. Insiders have sold a total of 57,411 shares of company stock worth $4,203,262 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Power Integrations Stock Performance

Shares of POWI opened at $63.08 on Tuesday. The firm’s 50-day simple moving average is $70.60 and its two-hundred day simple moving average is $74.86. Power Integrations, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $99.60. The stock has a market cap of $3.59 billion, a PE ratio of 65.03 and a beta of 1.21.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $89.51 million during the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. Equities research analysts predict that Power Integrations, Inc. will post 0.65 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s dividend payout ratio is presently 82.47%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on POWI shares. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. TD Cowen increased their price target on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a report on Monday, February 26th. Finally, Stifel Nicolaus upped their target price on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.17.

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.