Power Integrations, Inc. (NASDAQ:POWI) Position Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI – Get Rating) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,420 shares of the semiconductor company’s stock after selling 16,430 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Power Integrations were worth $11,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Power Integrations by 39.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 712 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Power Integrations by 86.1% during the 3rd quarter. Bessemer Group Inc. now owns 774 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 358 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Power Integrations by 34.3% in the third quarter. Exchange Traded Concepts LLC now owns 819 shares of the semiconductor company’s stock worth $53,000 after buying an additional 209 shares during the period. Signaturefd LLC boosted its holdings in shares of Power Integrations by 61.3% in the third quarter. Signaturefd LLC now owns 839 shares of the semiconductor company’s stock worth $54,000 after buying an additional 319 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Power Integrations by 91.7% in the third quarter. Advisors Asset Management Inc. now owns 1,083 shares of the semiconductor company’s stock worth $70,000 after buying an additional 518 shares during the period. Institutional investors own 99.00% of the company’s stock.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 2,634 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $89.66, for a total transaction of $236,164.44. Following the transaction, the chief executive officer now owns 574,821 shares of the company’s stock, valued at $51,538,450.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Balu Balakrishnan sold 2,634 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $89.66, for a total transaction of $236,164.44. Following the transaction, the chief executive officer now owns 574,821 shares of the company’s stock, valued at $51,538,450.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Nayyar sold 1,103 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $89.78, for a total transaction of $99,027.34. Following the transaction, the chief financial officer now directly owns 79,344 shares in the company, valued at approximately $7,123,504.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,499 shares of company stock valued at $3,651,059. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on POWI. Benchmark raised their target price on shares of Power Integrations from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Cowen raised their target price on shares of Power Integrations from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, February 7th. StockNews.com began coverage on shares of Power Integrations in a report on Thursday. They issued a “hold” rating for the company. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Monday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.14.

Power Integrations Stock Performance

POWI stock opened at $84.13 on Friday. The stock has a market cap of $4.79 billion, a P/E ratio of 28.71 and a beta of 1.19. The firm has a 50 day simple moving average of $83.69 and a 200 day simple moving average of $75.21. Power Integrations, Inc. has a 52 week low of $59.16 and a 52 week high of $98.92.

Power Integrations (NASDAQ:POWI – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $125.55 million. Power Integrations had a net margin of 26.24% and a return on equity of 22.72%. The firm’s quarterly revenue was down 27.7% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. Sell-side analysts predict that Power Integrations, Inc. will post 1.56 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.18. Power Integrations’s dividend payout ratio (DPR) is presently 25.94%.

Power Integrations Profile

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Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Klas Eklund, Art Fury and Steven J.