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

Several other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in Power Integrations in the 1st quarter valued at approximately $1,452,000. SG Americas Securities LLC bought a new position in Power Integrations in the 1st quarter valued at approximately $344,000. GAMMA Investing LLC lifted its stake in Power Integrations by 243.2% in the 1st quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 1,425 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Power Integrations by 18.3% in the 1st quarter. New York State Common Retirement Fund now owns 157,468 shares of the semiconductor company's stock valued at $7,952,000 after purchasing an additional 24,309 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in Power Integrations in the 1st quarter valued at approximately $1,723,000.

Insider Buying and Selling at Power Integrations

In related news, VP Doug Bailey sold 16,989 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $46.41, for a total transaction of $788,459.49. Following the transaction, the vice president owned 50,798 shares of the company's stock, valued at approximately $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 accessible through this link. Also, VP Gagan Jain sold 2,036 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the transaction, the vice president directly owned 18,812 shares in the company, valued at approximately $866,292.60. This represents a 9.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,014 shares of company stock worth $1,678,322. 1.40% of the stock is owned by insiders.

Power Integrations Stock Up 5.5%

NASDAQ:POWI traded up $2.4860 during trading hours on Friday, reaching $47.5360. The company had a trading volume of 299,587 shares, compared to its average volume of 553,199. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 81.97, a P/E/G ratio of 2.98 and a beta of 1.31. The business's 50-day simple moving average is $52.47 and its two-hundred day simple moving average is $53.40. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve month high of $69.53.

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

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. 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 is 144.83%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on POWI shares. Wall Street Zen downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Stifel Nicolaus raised their price target on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Susquehanna dropped their price target on shares of 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, Benchmark dropped their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.