Aigen Investment Management LP Trims Stake in Power Integrations, Inc. (NASDAQ:POWI)

Aigen Investment Management LP reduced its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% in 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 in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Power Integrations in the third quarter worth $87,000. Finally, KBC Group NV increased its stake in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares in the last quarter.

Insider Buying and Selling

In other Power Integrations news, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 112,653 shares in the company, valued at $6,535,000.53. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,544 shares of company stock worth $2,433,105. 1.50% of the stock is owned by insiders.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $62.78 on Friday. The firm has a fifty day moving average price of $61.36 and a 200 day moving average price of $62.55. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 110.14, a P/E/G ratio of 4.08 and a beta of 1.11.

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

Power Integrations Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.