Power Integrations Inc (POWI) Position Reduced by Atlanta Capital Management Co. L L C

Atlanta Capital Management Co. L L C lessened its stake in Power Integrations Inc (NASDAQ:POWI) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,809 shares of the semiconductor company’s stock after selling 7,756 shares during the period. Atlanta Capital Management Co. L L C owned 1.28% of Power Integrations worth $27,802,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Power Integrations by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 57,673 shares of the semiconductor company’s stock worth $4,204,000 after buying an additional 4,970 shares during the period. Renaissance Group LLC increased its stake in Power Integrations by 1.1% in the 2nd quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock worth $385,000 after buying an additional 56 shares during the period. Chicago Equity Partners LLC increased its stake in Power Integrations by 104.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 12,520 shares of the semiconductor company’s stock worth $913,000 after buying an additional 6,385 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Power Integrations in the 2nd quarter worth about $346,000. Finally, Wells Fargo & Company MN increased its stake in Power Integrations by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 115,446 shares of the semiconductor company’s stock worth $8,416,000 after buying an additional 2,624 shares during the period. 97.51% of the stock is currently owned by institutional investors.

In other Power Integrations news, VP David Mh Matthews sold 704 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $78.33, for a total transaction of $55,144.32. Following the transaction, the vice president now directly owns 42,654 shares in the company, valued at approximately $3,341,087.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ben Sutherland sold 500 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. Following the transaction, the vice president now owns 40,965 shares in the company, valued at $3,259,994.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,089 shares of company stock worth $5,077,253. 4.30% of the stock is owned by company insiders.

Several research analysts recently commented on POWI shares. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target on shares of Power Integrations in a research note on Sunday, September 3rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $84.00 price target on shares of Power Integrations in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Power Integrations has an average rating of “Buy” and a consensus target price of $83.50.

Power Integrations Inc (NASDAQ POWI) opened at $74.05 on Friday. Power Integrations Inc has a 1-year low of $61.44 and a 1-year high of $86.60. The stock has a market cap of $2,240.65, a PE ratio of 35.90 and a beta of 1.26.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The company had revenue of $111.30 million for the quarter, compared to analysts’ expectations of $111.82 million. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. equities analysts expect that Power Integrations Inc will post 2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, November 29th. Power Integrations’s payout ratio is 29.02%.

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Power Integrations Profile

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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