International Assets Investment Management LLC Raises Position in Power Integrations, Inc. (NASDAQ:POWI)

International Assets Investment Management LLC raised its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 8,102.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,147 shares of the semiconductor company's stock after purchasing an additional 21,877 shares during the quarter. International Assets Investment Management LLC's holdings in Power Integrations were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in POWI. Morgan Stanley raised its holdings in shares of Power Integrations by 109.7% in the fourth quarter. Morgan Stanley now owns 1,024,483 shares of the semiconductor company's stock valued at $73,476,000 after acquiring an additional 535,900 shares in the last quarter. Norges Bank bought a new stake in shares of Power Integrations in the fourth quarter valued at about $35,392,000. Robeco Schweiz AG raised its holdings in shares of Power Integrations by 49.3% in the first quarter. Robeco Schweiz AG now owns 1,176,650 shares of the semiconductor company's stock valued at $109,052,000 after acquiring an additional 388,650 shares in the last quarter. Wasatch Advisors Inc. bought a new stake in shares of Power Integrations in the first quarter valued at about $27,617,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company's stock valued at $195,073,000 after acquiring an additional 154,032 shares in the last quarter.

Power Integrations Trading Down 1.7 %

Shares of POWI stock traded down $1.07 during trading hours on Friday, reaching $62.89. 660,042 shares of the company's stock were exchanged, compared to its average volume of 286,544. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $99.60. The stock has a market cap of $3.58 billion, a PE ratio of 64.84 and a beta of 1.21. The stock's fifty day moving average price is $70.92 and its two-hundred day moving average price is $74.95.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.09. The firm had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. On average, equities analysts expect that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. Power Integrations's dividend payout ratio is currently 82.47%.

Insider Activity at Power Integrations

In related news, insider David Mh Matthews sold 1,095 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total value of $80,986.20. Following the sale, the insider now owns 59,733 shares in the company, valued at $4,417,852.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Power Integrations news, insider David Mh Matthews sold 1,095 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total value of $80,986.20. Following the sale, the insider now owns 59,733 shares in the company, valued at approximately $4,417,852.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 5,232 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $81.02, for a total value of $423,896.64. Following the completion of the sale, the chief executive officer now owns 508,461 shares in the company, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. Insiders have sold a total of 57,411 shares of company stock worth $4,203,262 over the last quarter. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on POWI. TD Cowen lifted their price objective on Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a report on Friday, February 9th. Stifel Nicolaus boosted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Northland Securities upgraded shares of Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price for the company in a report on Monday, February 26th. Benchmark boosted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Finally, StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.17.

About Power Integrations

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.