Fiera Capital Corp Has $30.77 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Fiera Capital Corp trimmed its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,941 shares of the semiconductor company’s stock after selling 14,827 shares during the period. Fiera Capital Corp’s holdings in Power Integrations were worth $30,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of Power Integrations during the 1st quarter worth about $264,000. BNP Paribas Financial Markets raised its stake in Power Integrations by 3.4% in the first quarter. BNP Paribas Financial Markets now owns 56,136 shares of the semiconductor company’s stock valued at $4,017,000 after buying an additional 1,854 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Power Integrations by 29.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 914 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Power Integrations by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 49,762 shares of the semiconductor company’s stock valued at $3,560,000 after purchasing an additional 645 shares during the period. Finally, Duality Advisers LP acquired a new stake in shares of Power Integrations during the 1st quarter worth about $1,261,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on POWI shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. TD Cowen decreased their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Up 1.4 %

POWI opened at $66.31 on Friday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 100.47, a P/E/G ratio of 5.34 and a beta of 1.10. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The company has a 50-day simple moving average of $62.29 and a 200 day simple moving average of $68.02.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.15%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, November 29th. Power Integrations’s payout ratio is currently 121.21%.

Insiders Place Their Bets

In related news, VP Sunil Gupta sold 2,127 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,398 shares of company stock worth $157,847 over the last three months. Insiders own 1.70% of the company’s stock.

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.