Northern Trust Corp Acquires 83,186 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Northern Trust Corp increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 996,040 shares of the semiconductor company's stock after acquiring an additional 83,186 shares during the period. Northern Trust Corp owned about 1.75% of Power Integrations worth $61,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Integrations during the 4th quarter worth $288,000. UMB Bank n.a. lifted its holdings 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 worth $39,000 after acquiring an additional 192 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Power Integrations by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after purchasing an additional 33,741 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Power Integrations during the 4th quarter worth approximately $227,000. Finally, Barclays PLC lifted its stake in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after purchasing an additional 114,644 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Stifel Nicolaus reduced their price objective on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.83.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 6,012 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.26, for a total transaction of $350,259.12. Following the completion of the sale, the chief executive officer now directly owns 605,365 shares of the company's stock, valued at approximately $35,268,564.90. The trade was a 0.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the sale, the chief financial officer now directly owns 112,653 shares of the company's stock, valued at approximately $6,535,000.53. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,974 shares of company stock valued at $1,853,615. 1.40% of the stock is owned by company insiders.

Power Integrations Price Performance

Shares of Power Integrations stock traded up $2.41 during midday trading on Friday, reaching $54.15. The company had a trading volume of 802,191 shares, compared to its average volume of 453,714. The stock has a fifty day moving average price of $51.04 and a 200 day moving average price of $58.63. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The firm has a market cap of $3.08 billion, a PE ratio of 95.00, 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 Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

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.