Copeland Capital Management LLC Trims Stake in Power Integrations, Inc. $POWI

Copeland Capital Management LLC reduced its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,907 shares of the semiconductor company’s stock after selling 102,953 shares during the period. Copeland Capital Management LLC’s holdings in Power Integrations were worth $41,721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in POWI. Baird Financial Group Inc. grew its position in shares of Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 261 shares in the last quarter. Royal Bank of Canada grew its position in shares of Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Power Integrations by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 1,461 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after purchasing an additional 74,107 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Power Integrations by 15.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after purchasing an additional 23,389 shares in the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $72.63 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $76.22. The firm has a fifty day moving average of $50.86 and a 200 day moving average of $43.61. The firm has a market capitalization of $4.05 billion, a PE ratio of 186.24, a price-to-earnings-growth ratio of 5.45 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.2%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 27th. Power Integrations’s dividend payout ratio (DPR) is presently 220.51%.

Insider Activity at Power Integrations

In related news, Director Balu Balakrishnan sold 10,080 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total value of $451,080.00. Following the completion of the transaction, the director directly owned 575,331 shares in the company, valued at approximately $25,746,062.25. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sunil Gupta sold 2,168 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total transaction of $98,817.44. Following the completion of the transaction, the vice president owned 95,766 shares of the company’s stock, valued at $4,365,014.28. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,831 shares of company stock valued at $1,936,896 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna boosted their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Stifel Nicolaus boosted their price target on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Benchmark boosted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Finally, Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.50.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.