Mirabella Financial Services LLP Purchases Shares of 18,423 Power Integrations, Inc. (NASDAQ:POWI)

Mirabella Financial Services LLP acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,423 shares of the semiconductor company’s stock, valued at approximately $1,137,000.

Several other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. MML Investors Services LLC lifted its position in shares of Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 207 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 230 shares during the period. Covestor Ltd increased its holdings 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 worth $100,000 after acquiring an additional 234 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $33,000 after acquiring an additional 282 shares during the period.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $45.40 on Monday. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13. The stock has a market cap of $2.58 billion, a PE ratio of 79.65, a PEG ratio of 4.08 and a beta of 1.32. The firm has a 50-day moving average of $54.65 and a 200-day moving average of $59.98.

Power Integrations (NASDAQ:POWI) last posted 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 predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.85%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analyst Weigh In

POWI has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of Power Integrations from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Three equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.83.

Insiders Place Their Bets

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the sale, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock worth $3,075,198 in the last 90 days. Company insiders own 1.40% of the company’s stock.

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.