Guinness Atkinson Asset Management Inc Sells 858 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Guinness Atkinson Asset Management Inc lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,432 shares of the semiconductor company’s stock after selling 858 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Power Integrations were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Power Integrations during the fourth quarter worth about $227,000. Wealth Enhancement Advisory Services LLC raised its stake in Power Integrations by 8.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 433 shares during the period. Versant Capital Management Inc lifted its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Power Integrations by 22.8% in the 3rd quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 2,331 shares during the period.

Power Integrations Trading Up 2.2 %

Shares of NASDAQ POWI opened at $62.22 on Monday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 94.27, a P/E/G ratio of 3.91 and a beta of 1.12. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The firm’s 50-day moving average price is $63.12 and its 200-day moving average price is $64.45.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. On average, equities analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. Power Integrations’s payout ratio is currently 127.27%.

Wall Street Analysts Forecast Growth

POWI has been the topic of several research analyst reports. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In other Power Integrations news, VP Clifford Walker sold 10,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the sale, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,655 shares of company stock valued at $1,205,566 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.