Personal CFO Solutions LLC Decreases Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Personal CFO Solutions LLC trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 8.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,885 shares of the semiconductor company’s stock after selling 258 shares during the quarter. Personal CFO Solutions LLC’s holdings in Power Integrations were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Belpointe Asset Management LLC increased its position in shares of Power Integrations by 59.8% during the first quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 128 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Power Integrations in the second quarter worth $72,000. Covestor Ltd increased its position in Power Integrations by 179.3% in the first quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock worth $80,000 after buying an additional 554 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Power Integrations in the first quarter worth $85,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Power Integrations in the first quarter worth $90,000.

Analyst Ratings Changes

POWI has been the subject of a number of recent research reports. Stifel Nicolaus decreased their target price on Power Integrations from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. StockNews.com initiated coverage on Power Integrations in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Susquehanna decreased their target price on Power Integrations from $90.00 to $80.00 and set a “positive” rating for the company in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.33.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 3,273 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total value of $256,701.39. Following the completion of the transaction, the vice president now directly owns 100,896 shares of the company’s stock, valued at $7,913,273.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Doug Bailey sold 3,273 shares of Power Integrations stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total transaction of $256,701.39. Following the completion of the sale, the vice president now owns 100,896 shares of the company’s stock, valued at $7,913,273.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Mh Matthews sold 5,475 shares of Power Integrations stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $76.14, for a total value of $416,866.50. Following the sale, the insider now directly owns 69,194 shares of the company’s stock, valued at approximately $5,268,431.16. The disclosure for this sale can be found here. Insiders sold 24,541 shares of company stock valued at $1,996,115 over the last three months. Company insiders own 1.70% of the company’s stock.

Power Integrations Price Performance

Power Integrations stock opened at $78.54 on Tuesday. Power Integrations, Inc. has a one year low of $66.90 and a one year high of $99.60. The business has a fifty day moving average price of $74.88 and a 200-day moving average price of $83.18. The firm has a market capitalization of $4.47 billion, a P/E ratio of 70.13 and a beta of 1.21.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a $0.20 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 71.43%.

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.