Avantax Advisory Services Inc. Trims Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Avantax Advisory Services Inc. lessened its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,954 shares of the semiconductor company’s stock after selling 806 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Power Integrations were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in POWI. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc grew its position in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. Truvestments Capital LLC purchased a new position in Power Integrations during the third quarter worth about $87,000. Finally, KBC Group NV boosted its stake in Power Integrations by 43.0% in the 4th quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock worth $157,000 after buying an additional 767 shares during the last quarter.

Insider Activity

In related news, VP Clifford Walker sold 2,472 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on POWI shares. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Up 2.9 %

Shares of NASDAQ:POWI opened at $56.45 on Tuesday. The company has a market cap of $3.21 billion, a P/E ratio of 99.04, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The company’s fifty day moving average is $60.31 and its two-hundred day moving average is $61.89. Power Integrations, Inc. has a 12-month low of $54.04 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (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%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

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.