Ontario Teachers Pension Plan Board Makes New Investment in Power Integrations, Inc. (NASDAQ:POWI)

Ontario Teachers Pension Plan Board purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,801 shares of the semiconductor company’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the period. Versant Capital Management Inc increased its holdings in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares during the period. Finally, Covestor Ltd grew its position in shares of Power Integrations by 16.9% during the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 234 shares in the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Stifel Nicolaus dropped their price target on Power Integrations from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday. Finally, StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.83.

Insider Activity at Power Integrations

In other news, 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 transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 in the last ninety days. 1.70% of the stock is owned by company insiders.

Power Integrations Price Performance

NASDAQ:POWI opened at $45.40 on Friday. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The business has a 50 day moving average of $54.91 and a 200 day moving average of $60.14. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 79.65, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS 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%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 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.