Orion Portfolio Solutions LLC Sells 1,244 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Orion Portfolio Solutions LLC lowered its position in Power Integrations, Inc. (NASDAQ:POWI) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,310 shares of the semiconductor company’s stock after selling 1,244 shares during the period. Orion Portfolio Solutions LLC’s holdings in Power Integrations were worth $789,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in POWI. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the second quarter valued at approximately $63,000. Quest Partners LLC raised its holdings in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 240 shares during the period. Truvestments Capital LLC bought a new stake in Power Integrations in the 3rd quarter valued at $87,000. KBC Group NV boosted its stake in Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Power Integrations by 8.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 135 shares in the last quarter.

Insider Activity at Power Integrations

In related news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares in the company, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,655 shares of company stock worth $1,205,566. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on POWI shares. Susquehanna cut their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Up 0.1 %

POWI stock opened at $64.79 on Tuesday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 98.17, a P/E/G ratio of 7.01 and a beta of 1.12. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $87.02. The business has a 50 day moving average price of $63.89 and a two-hundred day moving average price of $66.28.

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

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. Power Integrations’s dividend payout ratio is presently 127.27%.

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.