Oppenheimer Asset Management Inc. Decreases Position in Power Integrations, Inc. (NASDAQ:POWI)

Oppenheimer Asset Management Inc. cut its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,956 shares of the semiconductor company’s stock after selling 291 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Power Integrations were worth $738,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after buying an additional 27,488 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after purchasing an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of Power Integrations by 1.2% during the fourth quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock valued at $75,376,000 after purchasing an additional 14,530 shares during the last quarter.

Power Integrations Trading Up 0.7 %

Shares of POWI stock opened at $58.84 on Wednesday. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $79.13. The stock has a market cap of $3.35 billion, a P/E ratio of 103.23, a P/E/G ratio of 4.08 and a beta of 1.11. The company has a 50 day simple moving average of $61.61 and a two-hundred day simple moving average of $62.67.

Power Integrations (NASDAQ:POWI) last announced its earnings results 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%. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. 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 report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Transactions at Power Integrations

In other news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Clifford Walker sold 1,131 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the sale, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. This trade represents a 0.78 % 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 valued at $2,433,105 over the last three months. Corporate insiders own 1.70% of the company’s stock.

About Power Integrations

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.