Power Integrations, Inc. (NASDAQ:POWI) Stock Holdings Increased by Capital International Investors

Capital International Investors raised its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503,132 shares of the semiconductor company's stock after acquiring an additional 82,681 shares during the period. Capital International Investors owned 2.64% of Power Integrations worth $92,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in POWI. Smartleaf Asset Management LLC grew its holdings 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 period. Versant Capital Management Inc raised its position in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC increased its position in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after buying an additional 385 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Power Integrations by 16.9% in the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after acquiring an additional 234 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on POWI shares. Stifel Nicolaus lowered their price target on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Trading Up 0.5 %

NASDAQ:POWI traded up $0.24 on Friday, hitting $50.43. 109,904 shares of the stock were exchanged, compared to its average volume of 553,727. The stock has a fifty day moving average of $53.69 and a 200-day moving average of $59.60. The stock has a market cap of $2.87 billion, a PE ratio of 88.46, a PEG ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.67%. Power Integrations's payout ratio is currently 147.37%.

Insider Activity

In other news, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the sale, the chief financial officer now directly owns 112,653 shares of the company's stock, valued at approximately $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the sale, the vice president now directly owns 141,765 shares of the company's stock, valued at $7,214,420.85. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,105 shares of company stock worth $3,075,198. 1.40% of the stock is currently owned by company insiders.

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.