Brown Advisory Inc. Has $26.62 Million Stock Position in Power Integrations, Inc. $POWI

Brown Advisory Inc. lowered its stake in Power Integrations, Inc. (NASDAQ:POWI) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 749,127 shares of the semiconductor company’s stock after selling 95,187 shares during the period. Brown Advisory Inc.’s holdings in Power Integrations were worth $26,624,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of POWI. Geneos Wealth Management Inc. boosted its holdings in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at approximately $36,000. UMB Bank n.a. raised its position in shares of Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Power Integrations in the 4th quarter valued at approximately $48,000. Finally, Global X Japan Co. Ltd. raised its position in shares of Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 989 shares in the last quarter.

Insider Transactions at Power Integrations

In other news, Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director directly owned 279,516 shares in the company, valued at $24,161,363.04. This represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the sale, the vice president owned 64,379 shares of the company’s stock, valued at approximately $5,386,590.93. This trade represents a 9.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 335,085 shares of company stock worth $27,338,789 over the last three months. 1.40% of the stock is owned by company insiders.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $83.31 on Tuesday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The firm has a 50 day moving average price of $70.43 and a two-hundred day moving average price of $52.75. The stock has a market cap of $4.64 billion, a P/E ratio of 277.71, a price-to-earnings-growth ratio of 3.41 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Analysts predict that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on POWI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Stifel Nicolaus boosted their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Monday, April 6th. Susquehanna boosted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Finally, Benchmark boosted their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Power Integrations presently has a consensus rating of “Hold” and a consensus price target of $69.60.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.