Deutsche Bank AG Sells 7,197 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Deutsche Bank AG decreased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,367 shares of the semiconductor company's stock after selling 7,197 shares during the period. Deutsche Bank AG owned approximately 0.20% of Power Integrations worth $7,180,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after purchasing an additional 114,644 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Power Integrations by 8.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company's stock valued at $362,000 after buying an additional 433 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Power Integrations in the 4th quarter valued at $227,000. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Power Integrations by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 320,245 shares of the semiconductor company's stock worth $19,759,000 after acquiring an additional 40,529 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on POWI. Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Stifel Nicolaus upped their target price on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.67.

Insider Buying and Selling

In related news, CEO Balu Balakrishnan sold 9,544 shares of Power Integrations stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the transaction, the chief executive officer now directly owns 590,580 shares in the company, valued at approximately $30,231,790.20. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were 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 in the company, 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. In the last 90 days, insiders sold 12,561 shares of company stock valued at $642,092. 1.40% of the stock is owned by insiders.

Power Integrations Stock Performance

POWI traded down $0.96 during midday trading on Friday, reaching $49.56. The company had a trading volume of 45,787 shares, compared to its average volume of 461,994. The business has a 50-day moving average price of $50.24 and a two-hundred day moving average price of $58.05. Power Integrations, Inc. has a 12-month low of $40.78 and a 12-month high of $79.13. The stock has a market cap of $2.79 billion, a PE ratio of 86.99, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same period in the prior year, the company earned $0.18 earnings per share. Power Integrations's revenue was up 15.1% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Power Integrations's payout ratio is 129.23%.

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.