Fiera Capital Corp lowered its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 563,601 shares of the semiconductor company’s stock after selling 63,547 shares during the quarter. Fiera Capital Corp owned about 1.89% of Power Integrations worth $41,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in shares of Power Integrations by 0.4% during the 2nd quarter. Jennison Associates LLC now owns 5,424 shares of the semiconductor company’s stock valued at $395,000 after acquiring an additional 23 shares during the last quarter. Renaissance Group LLC increased its stake in shares of Power Integrations by 1.1% during the 2nd quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock valued at $385,000 after acquiring an additional 56 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Power Integrations by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the semiconductor company’s stock valued at $882,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Power Integrations by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 15,474 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Power Integrations by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 118 shares during the last quarter. 95.75% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on POWI. Stifel Nicolaus reiterated a “buy” rating and set a $82.00 target price (up previously from $75.00) on shares of Power Integrations in a report on Friday, June 30th. Deutsche Bank AG cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Tuesday, July 25th. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Tuesday, May 30th. Drexel Hamilton set a $84.00 target price on Power Integrations and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub cut Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $78.50.

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Power Integrations, Inc. (NASDAQ:POWI) traded down 4.26% during trading on Wednesday, reaching $70.75. The company’s stock had a trading volume of 215,127 shares. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 39.33 and a beta of 1.23. The stock’s 50-day moving average is $71.75 and its 200 day moving average is $68.37. Power Integrations, Inc. has a 52-week low of $57.29 and a 52-week high of $82.80.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The business had revenue of $107.56 million for the quarter, compared to the consensus estimate of $107.85 million. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Power Integrations, Inc. will post $2.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, August 29th. Power Integrations’s payout ratio is 29.95%.

In related news, insider Balu Balakrishnan sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $78.06, for a total value of $5,073,900.00. Following the transaction, the insider now directly owns 319,576 shares of the company’s stock, valued at approximately $24,946,102.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Brathwaite sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $73.00, for a total value of $146,000.00. Following the completion of the transaction, the director now directly owns 24,710 shares in the company, valued at $1,803,830. The disclosure for this sale can be found here. Insiders sold a total of 134,593 shares of company stock worth $10,278,057 over the last three months. 4.30% of the stock is owned by company insiders.

About Power Integrations

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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