Bahl & Gaynor Inc. Sells 3,677 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Bahl & Gaynor Inc. lessened its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,816 shares of the semiconductor company’s stock after selling 3,677 shares during the quarter. Bahl & Gaynor Inc. owned 0.07% of Power Integrations worth $2,580,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of POWI. International Assets Investment Management LLC increased its position in shares of Power Integrations by 6,305.6% during the third quarter. International Assets Investment Management LLC now owns 17,167 shares of the semiconductor company’s stock worth $1,101,000 after acquiring an additional 16,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Power Integrations by 18.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,217 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 798 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Power Integrations by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,587 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 445 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 255 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Power Integrations by 166.5% in the third quarter. Harbor Capital Advisors Inc. now owns 28,293 shares of the semiconductor company’s stock valued at $1,814,000 after purchasing an additional 17,677 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Susquehanna cut their price objective 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. Finally, StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Transactions at Power Integrations

In other news, 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 completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares in the company, valued at $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 in the last quarter. Insiders own 1.70% of the company’s stock.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $58.84 on Wednesday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $79.13. The company has a market capitalization of $3.35 billion, a PE ratio of 103.23, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business has a fifty day moving average price of $61.61 and a two-hundred day moving average price of $62.67.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.43%. Power Integrations’s payout ratio is currently 147.37%.

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.