M&T Bank Corp Has $3.28 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

M&T Bank Corp lessened its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,923 shares of the semiconductor company’s stock after selling 317 shares during the quarter. M&T Bank Corp’s holdings in Power Integrations were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of POWI. JPMorgan Chase & Co. grew its holdings in shares of Power Integrations by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after purchasing an additional 154,032 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Power Integrations by 5.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after purchasing an additional 123,988 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Power Integrations by 26.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 389,645 shares of the semiconductor company’s stock worth $29,734,000 after purchasing an additional 82,614 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Power Integrations by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock worth $488,566,000 after purchasing an additional 81,455 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Power Integrations by 34.2% during the 3rd quarter. Rhumbline Advisers now owns 246,917 shares of the semiconductor company’s stock worth $18,842,000 after purchasing an additional 62,900 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. TD Cowen boosted their price target on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target on the stock in a research note on Monday, February 26th. Finally, Benchmark boosted their price target on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target of $87.40.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction on Monday, February 12th. The stock was sold at an average price of $81.02, for a total value of $423,896.64. Following the completion of the transaction, the chief executive officer now owns 508,461 shares in the company, valued at approximately $41,195,510.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Sandeep Nayyar sold 2,812 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.99, for a total transaction of $224,931.88. Following the completion of the sale, the chief financial officer now owns 67,359 shares in the company, valued at $5,388,046.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 5,232 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $81.02, for a total value of $423,896.64. Following the sale, the chief executive officer now owns 508,461 shares of the company’s stock, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,106 shares of company stock worth $3,518,339. 1.50% of the stock is currently owned by insiders.

Power Integrations Price Performance

Shares of POWI stock opened at $70.17 on Wednesday. The stock’s fifty day simple moving average is $69.46 and its 200 day simple moving average is $74.24. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 72.34 and a beta of 1.20. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. The firm had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. On average, research analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 1.14%. Power Integrations’s payout ratio is 82.47%.

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.