Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its stake in Power Integrations, Inc. (NASDAQ:POWI) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,199,136 shares of the semiconductor company’s stock after selling 22,515 shares during the quarter. Power Integrations comprises about 1.2% of Copeland Capital Management LLC’s holdings, making the stock its 28th largest holding. Copeland Capital Management LLC owned 2.11% of Power Integrations worth $60,556,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in POWI. Y Intercept Hong Kong Ltd acquired a new stake in shares of Power Integrations in the fourth quarter valued at approximately $523,000. Proficio Capital Partners LLC acquired a new stake in Power Integrations during the fourth quarter worth $2,120,000. US Bancorp DE increased its stake in Power Integrations by 3.3% during the fourth quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company’s stock worth $679,000 after acquiring an additional 353 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 282 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Power Integrations by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company’s stock worth $40,412,000 after acquiring an additional 33,741 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on POWI shares. Stifel Nicolaus raised their target price on Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.67.

Insiders Place Their Bets

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of Power Integrations stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the sale, the chief executive officer now directly owns 590,580 shares of the company’s stock, valued at $30,231,790.20. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Nayyar sold 1,929 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now directly owns 107,357 shares of the company’s stock, valued at $5,463,397.73. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,561 shares of company stock valued at $642,092 in the last ninety days. Insiders own 1.40% of the company’s stock.

Power Integrations Stock Down 1.2%

POWI opened at $55.75 on Friday. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The business has a fifty day simple moving average of $52.67 and a 200-day simple moving average of $56.22. The firm has a market cap of $3.14 billion, a P/E ratio of 85.77, a P/E/G ratio of 2.31 and a beta of 1.29.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, May 30th. Power Integrations’s dividend payout ratio (DPR) is 129.23%.

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.