Dimensional Fund Advisors LP Decreases Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Dimensional Fund Advisors LP lessened its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,499 shares of the semiconductor company's stock after selling 18,736 shares during the quarter. Dimensional Fund Advisors LP owned about 1.76% of Power Integrations worth $61,855,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after acquiring an additional 114,047 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Power Integrations by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock valued at $150,879,000 after buying an additional 105,034 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after buying an additional 178,896 shares during the period. Geode Capital Management LLC lifted its stake in Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after acquiring an additional 28,793 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock valued at $92,743,000 after acquiring an additional 82,681 shares during the period.

Insiders Place Their Bets

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Clifford Walker sold 1,088 shares of Power Integrations stock in a transaction dated 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 owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,974 shares of company stock worth $1,853,615. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

POWI has been the topic of several research reports. Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Stifel Nicolaus cut their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations has an average rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Stock Up 0.5 %

POWI stock traded up $0.23 on Wednesday, reaching $50.33. 403,880 shares of the company's stock were exchanged, compared to its average volume of 455,180. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The stock has a fifty day moving average of $51.26 and a 200-day moving average of $58.76. The firm has a market cap of $2.86 billion, a PE ratio of 88.30, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. On average, equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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

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.