Semanteon Capital Management LP Reduces Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Semanteon Capital Management LP lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 35.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,531 shares of the semiconductor company’s stock after selling 6,782 shares during the quarter. Semanteon Capital Management LP’s holdings in Power Integrations were worth $773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Power Integrations by 2.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter.

Insider Activity at Power Integrations

In related news, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $65,609.31. Following the completion of the sale, the vice president now owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Radu Barsan sold 10,393 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

Shares of POWI opened at $54.88 on Friday. Power Integrations, Inc. has a fifty-two week low of $54.04 and a fifty-two week high of $79.13. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 96.28, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The firm has a 50-day simple moving average of $60.39 and a 200-day simple moving average of $61.91.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. Power Integrations’s payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on POWI shares. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations 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.