Wealth Enhancement Advisory Services LLC Sells 658 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Wealth Enhancement Advisory Services LLC trimmed its position in Power Integrations, Inc. (NASDAQ:POWI) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,419 shares of the semiconductor company’s stock after selling 658 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Power Integrations were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. Vanguard Group Inc. lifted its holdings in Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after buying an additional 105,034 shares during the period. Capital International Investors lifted its stake in Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after acquiring an additional 80,775 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Power Integrations by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,948 shares of the semiconductor company’s stock valued at $59,115,000 after acquiring an additional 10,740 shares in the last quarter. Fiera Capital Corp increased its position in Power Integrations by 0.7% during the 4th quarter. Fiera Capital Corp now owns 506,921 shares of the semiconductor company’s stock valued at $41,623,000 after purchasing an additional 3,726 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in Power Integrations by 14.8% in the 1st quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock worth $34,881,000 after purchasing an additional 62,824 shares in the last quarter.

Wall Street Analyst Weigh In

POWI has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price objective (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark lowered their target price on Power Integrations from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. TD Cowen reduced their price target on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Susquehanna decreased their price objective on Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Insider Activity at Power Integrations

In other news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 45,436 shares in the company, valued at $3,350,905. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Yang Chiah Yee sold 1,412 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Mh Matthews sold 9,500 shares of the business’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 transaction of $733,115.00. Following the transaction, the insider now directly owns 53,729 shares of the company’s stock, valued at $4,146,266.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,077 shares of company stock valued at $848,305. 1.70% of the stock is owned by corporate insiders.

Power Integrations Trading Up 3.8 %

NASDAQ POWI opened at $67.90 on Monday. Power Integrations, Inc. has a 12 month low of $59.36 and a 12 month high of $89.68. The stock’s fifty day moving average price is $69.57 and its 200-day moving average price is $71.28. The stock has a market cap of $3.85 billion, a P/E ratio of 73.80, a P/E/G ratio of 5.24 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. Power Integrations’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. As a group, analysts forecast that Power Integrations, Inc. will post 0.6 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Power Integrations’s payout ratio is currently 86.96%.

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.