Charles Schwab Investment Management Inc. Buys 9,241 Shares of Power Integrations, Inc. $POWI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Power Integrations, Inc. by 1.4% in Q1, owning 664,214 shares valued at approximately $33.54 million.
• Several large investors, including Northern Trust Corp. and Snyder Capital Management, have also recently boosted their holdings in Power Integrations, indicating strong institutional interest.
• Power Integrations announced a quarterly dividend of $0.21 per share, which reflects a 1.8% yield and a high dividend payout ratio of 144.83%.

Charles Schwab Investment Management Inc. boosted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 664,214 shares of the semiconductor company's stock after buying an additional 9,241 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of Power Integrations worth $33,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp boosted its position in shares of Power Integrations by 9.1% in the 4th quarter. Northern Trust Corp now owns 996,040 shares of the semiconductor company's stock valued at $61,456,000 after purchasing an additional 83,186 shares during the period. Snyder Capital Management L P boosted its position in shares of Power Integrations by 22.3% in the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock valued at $54,451,000 after purchasing an additional 160,784 shares during the period. Stephens Investment Management Group LLC boosted its position in shares of Power Integrations by 30.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock valued at $37,318,000 after purchasing an additional 172,530 shares during the period. Congress Asset Management Co. boosted its position in shares of Power Integrations by 16.8% in the 1st quarter. Congress Asset Management Co. now owns 737,134 shares of the semiconductor company's stock valued at $37,225,000 after purchasing an additional 105,995 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Power Integrations by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 714,013 shares of the semiconductor company's stock valued at $36,058,000 after purchasing an additional 2,996 shares during the period.

Power Integrations Price Performance

Power Integrations stock traded up $2.37 during mid-day trading on Friday, hitting $47.42. The company's stock had a trading volume of 552,429 shares, compared to its average volume of 715,080. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53. The firm's 50 day moving average is $52.32 and its 200 day moving average is $53.24. The company has a market cap of $2.66 billion, a PE ratio of 81.76, a price-to-earnings-growth ratio of 3.10 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The company had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. During the same period last year, the business earned $0.28 EPS. The business's quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Power Integrations's dividend payout ratio (DPR) is 144.83%.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the sale, the vice president directly owned 50,798 shares of the company's stock, valued at $2,357,535.18. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the sale, the vice president directly owned 18,812 shares of the company's stock, valued at $866,292.60. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,014 shares of company stock valued at $1,678,322 over the last ninety days. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Benchmark reduced their price objective on Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Susquehanna reduced their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research note on Thursday, August 7th. Finally, Stifel Nicolaus increased their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $61.67.

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.