Power Integrations, Inc. (NASDAQ:POWI) Stake Cut by American International Group Inc.

American International Group Inc. reduced its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,592 shares of the semiconductor company’s stock after selling 4,158 shares during the period. American International Group Inc.’s holdings in Power Integrations were worth $8,588,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Power Integrations in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. raised its stake 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 worth $33,000 after purchasing an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Power Integrations during the 3rd quarter worth about $65,000. Heritage Wealth Management LLC purchased a new stake in shares of Power Integrations during the 4th quarter worth about $204,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Power Integrations by 12.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,686 shares of the semiconductor company’s stock worth $205,000 after purchasing an additional 305 shares in the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $73.52 on Thursday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 79.91, a P/E/G ratio of 4.08 and a beta of 1.18. The business’s 50-day simple moving average is $72.46 and its 200-day simple moving average is $74.68. Power Integrations, Inc. has a 52 week low of $62.13 and a 52 week high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. The business had revenue of $91.69 million for the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.74 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent research reports. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a research note on Monday, February 26th. Benchmark reaffirmed a “buy” rating and set a $90.00 price target on shares of Power Integrations in a research note on Friday, June 7th. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.40.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Mh Matthews sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $77.17, for a total value of $733,115.00. Following the completion of the sale, the insider now directly owns 53,729 shares in the company, valued at approximately $4,146,266.93. The disclosure for this sale can be found here. Insiders have sold 46,094 shares of company stock valued at $3,443,600 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Power Integrations Company 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.