5,957 Shares in Power Integrations, Inc. (NASDAQ:POWI) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,957 shares of the semiconductor company's stock, valued at approximately $368,000.

Several other institutional investors have also modified their holdings of POWI. Smartleaf Asset Management LLC grew its stake in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 385 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations during the 4th quarter valued at approximately $51,000. Finally, Covestor Ltd grew its holdings in Power Integrations by 16.9% in the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 234 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the transaction, the chief financial officer now owns 107,357 shares in the company, valued at $5,463,397.73. This represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,954 shares of company stock worth $1,328,862 over the last 90 days. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on POWI shares. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Benchmark reiterated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and a consensus target price of $74.67.

Power Integrations Price Performance

NASDAQ POWI traded up $0.12 on Tuesday, reaching $52.70. The company had a trading volume of 24,500 shares, compared to its average volume of 460,687. The firm has a 50-day moving average of $50.57 and a 200-day moving average of $58.23. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The firm has a market capitalization of $2.97 billion, a PE ratio of 92.29, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS 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 business had revenue of $105.53 million for the quarter, compared to analysts' expectations of $105.44 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company's revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.59%. 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.