Deutsche Bank AG Has $7.18 Million Holdings in Power Integrations, Inc. (NASDAQ:POWI)

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

A number of other institutional investors have also recently bought and sold shares of the stock. Brevan Howard Capital Management LP purchased a new position in Power Integrations in the 4th quarter worth about $642,000. Captrust Financial Advisors grew its stake in Power Integrations by 21.5% during the 4th quarter. Captrust Financial Advisors now owns 26,134 shares of the semiconductor company's stock valued at $1,612,000 after acquiring an additional 4,621 shares in the last quarter. Baird Financial Group Inc. grew its stake in Power Integrations by 18.4% during the 4th quarter. Baird Financial Group Inc. now owns 4,792 shares of the semiconductor company's stock valued at $296,000 after acquiring an additional 743 shares in the last quarter. Bank of America Corp DE grew its stake in Power Integrations by 18.5% during the 4th quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company's stock valued at $24,749,000 after acquiring an additional 62,750 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Power Integrations during the 4th quarter valued at about $368,000.

Insider Buying and Selling

In other news, CFO Sandeep Nayyar sold 1,929 shares of the company'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 $98,166.81. Following the completion of the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at $5,463,397.73. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the transaction, the chief executive officer now owns 590,580 shares of the company's stock, valued at approximately $30,231,790.20. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,561 shares of company stock worth $642,092. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on POWI shares. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their price target on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.67.

Power Integrations Price Performance

POWI traded down $0.65 on Friday, hitting $49.86. The company had a trading volume of 479,531 shares, compared to its average volume of 464,140. The company's fifty day moving average price is $50.09 and its 200 day moving average price is $57.95. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 87.48, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, topping 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 firm had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same period in the previous year, the company earned $0.18 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.68%. Power Integrations's dividend payout ratio (DPR) is currently 129.23%.

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.