Northern Trust Corp Grows Position in Power Integrations, Inc. $POWI

Key Points

• Northern Trust Corp increased its position in Power Integrations, Inc., acquiring 7.9% more shares to own approximately 1.89% of the company worth about $54.29 million.
• Insiders at Power Integrations sold a total of 36,014 shares last quarter, indicating a significant decrease in their ownership, with one executive reducing their stake by 25.06%.
• Power Integrations recently announced a $0.21 quarterly dividend set to be paid on September 30th, reflecting an annual yield of 1.8% and a payout ratio of 144.83%.

Northern Trust Corp lifted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,075,076 shares of the semiconductor company's stock after purchasing an additional 79,036 shares during the quarter. Northern Trust Corp owned 1.89% of Power Integrations worth $54,291,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Power Integrations by 136.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the semiconductor company's stock worth $241,000 after buying an additional 2,250 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Power Integrations by 15.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,414 shares of the semiconductor company's stock valued at $2,741,000 after purchasing an additional 5,853 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations in the 4th quarter valued at approximately $51,000. AQR Capital Management LLC raised its position in shares of Power Integrations by 138.0% in the 4th quarter. AQR Capital Management LLC now owns 89,814 shares of the semiconductor company's stock valued at $5,542,000 after acquiring an additional 52,079 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Power Integrations during the 4th quarter worth approximately $368,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna dropped their target price on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a report on Thursday, August 7th. Stifel Nicolaus lifted their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Benchmark dropped their price target 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Power Integrations currently has an average rating of "Buy" and an average target price of $61.67.

Power Integrations Stock Down 2.7%

POWI traded down $1.24 during trading on Friday, hitting $45.10. The company's stock had a trading volume of 442,676 shares, compared to its average volume of 676,433. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve month high of $69.53. The stock's fifty day moving average price is $51.48 and its 200-day moving average price is $52.83. The firm has a market capitalization of $2.53 billion, a P/E ratio of 77.76, a PEG ratio of 3.03 and a beta of 1.31.

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

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's dividend payout ratio is presently 144.83%.

Insider Buying and Selling

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

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.