Aigen Investment Management LP Sells 3,026 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Aigen Investment Management LP decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 33.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,946 shares of the semiconductor company’s stock after selling 3,026 shares during the period. Aigen Investment Management LP’s holdings in Power Integrations were worth $367,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of POWI. Smartleaf Asset Management LLC boosted its stake in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Power Integrations by 1,618.2% during the 4th 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 in the last quarter. UMB Bank n.a. boosted its stake in shares of Power Integrations by 43.9% during the 4th 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at about $87,000. Finally, KBC Group NV boosted its stake in shares of Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares in the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $62.78 on Friday. The firm’s 50 day moving average price is $61.36 and its 200-day moving average price is $62.55. The company has a market cap of $3.57 billion, a PE ratio of 110.14, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.34%. Power Integrations’s dividend payout ratio is presently 147.37%.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction that occurred on 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 $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the transaction, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,544 shares of company stock worth $2,433,105. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on POWI shares. 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. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

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.