Versant Capital Management Inc Has $35,000 Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Versant Capital Management Inc grew its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 1,618.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 567 shares of the semiconductor company’s stock after purchasing an additional 534 shares during the period. Versant Capital Management Inc’s holdings in Power Integrations were worth $35,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC grew its position in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 240 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at approximately $87,000. KBC Group NV lifted its stake in Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 205 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of Power Integrations during the third quarter worth $202,000.

Insider Activity at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. The trade was a 7.10 % decrease in their position. 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 dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares in the company, valued at approximately $5,610,920. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,655 shares of company stock valued at $1,205,566 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on POWI. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Susquehanna decreased their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Trading Up 2.6 %

NASDAQ POWI opened at $63.33 on Tuesday. The company has a market cap of $3.60 billion, a P/E ratio of 95.96, a PEG ratio of 7.01 and a beta of 1.12. The company has a fifty day simple moving average of $63.63 and a 200 day simple moving average of $65.02. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00.

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

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is currently 127.27%.

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.