Thrivent Financial for Lutherans Sells 364 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Thrivent Financial for Lutherans reduced its stake in Power Integrations, Inc. (NASDAQ:POWI) by 2.7% during the third quarter, Holdings Channel.com reports. The firm owned 13,351 shares of the semiconductor company’s stock after selling 364 shares during the period. Thrivent Financial for Lutherans’ holdings in Power Integrations were worth $856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POWI. Fifth Third Bancorp increased its stake in shares of Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. increased its position in Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares in the last quarter. Quest Partners LLC increased its position in Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 240 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Power Integrations by 2.0% in the second quarter. Nisa Investment Advisors LLC now owns 12,511 shares of the semiconductor company’s stock worth $878,000 after acquiring an additional 248 shares in the last quarter.

Power Integrations Stock Down 1.5 %

NASDAQ POWI opened at $66.09 on Wednesday. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The business has a 50-day moving average price of $63.56 and a 200-day moving average price of $67.06. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 100.14, a price-to-earnings-growth ratio of 7.27 and a beta of 1.12.

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

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.21 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.27%. Power Integrations’s dividend payout ratio (DPR) is currently 127.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Susquehanna dropped their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. TD Cowen lowered their price objective on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,655 shares of company stock valued at $1,205,566 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.