Guinness Atkinson Asset Management Inc Sells 858 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Guinness Atkinson Asset Management Inc cut its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,432 shares of the semiconductor company’s stock after selling 858 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Power Integrations were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after acquiring an additional 476,986 shares in the last quarter. Copeland Capital Management LLC increased its position in Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after purchasing an additional 213,392 shares during the period. M&G PLC purchased a new position in Power Integrations during the 3rd quarter valued at about $9,820,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Power Integrations by 40.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock valued at $32,110,000 after purchasing an additional 131,735 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares during the period.

Power Integrations Trading Up 2.2 %

NASDAQ POWI opened at $62.22 on Monday. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The firm’s fifty day simple moving average is $63.12 and its two-hundred day simple moving average is $64.45. The firm has a market capitalization of $3.54 billion, a P/E ratio of 94.27, a P/E/G ratio of 3.91 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a $0.21 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

Insiders Place Their Bets

In related news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the sale, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,655 shares of company stock valued at $1,205,566. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent research reports. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Finally, Susquehanna decreased their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations 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.