D. E. Shaw & Co. Inc. Sells 119,006 Shares of Power Integrations, Inc. (NASDAQ:POWI)

D. E. Shaw & Co. Inc. decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,761 shares of the semiconductor company’s stock after selling 119,006 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.91% of Power Integrations worth $32,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in POWI. Barclays PLC boosted its position in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Power Integrations by 8.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 433 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Power Integrations in the fourth quarter worth $227,000. UMB Bank n.a. increased its holdings in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of Power Integrations by 14.5% in the 4th quarter. Tributary Capital Management LLC now owns 320,245 shares of the semiconductor company’s stock worth $19,759,000 after purchasing an additional 40,529 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on POWI shares. Stifel Nicolaus reduced their price objective on shares of Power Integrations from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com downgraded Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average price target of $73.83.

Power Integrations Stock Up 4.7 %

Shares of Power Integrations stock opened at $54.15 on Friday. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The company’s 50 day moving average is $51.04 and its 200 day moving average is $58.60. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 95.00, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI) last released 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 expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio is 147.37%.

Insiders Place Their Bets

In related news, VP Clifford Walker sold 1,088 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now owns 141,765 shares of the company’s stock, valued at approximately $7,214,420.85. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 6,012 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.26, for a total transaction of $350,259.12. Following the sale, the chief executive officer now directly owns 605,365 shares of the company’s stock, valued at approximately $35,268,564.90. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,974 shares of company stock valued at $1,853,615. Insiders own 1.40% of the company’s stock.

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.