Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. grew its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,964 shares of the semiconductor company's stock after acquiring an additional 6,836 shares during the quarter. Shell Asset Management Co. owned about 0.11% of Power Integrations worth $3,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of POWI. ProShare Advisors LLC raised its position in shares of Power Integrations by 10.1% during the 4th quarter. ProShare Advisors LLC now owns 266,756 shares of the semiconductor company's stock valued at $16,459,000 after buying an additional 24,439 shares during the period. Quantinno Capital Management LP acquired a new stake in Power Integrations during the fourth quarter worth $442,000. Nomura Holdings Inc. purchased a new stake in Power Integrations in the fourth quarter valued at $465,000. Numerai GP LLC lifted its stake in shares of Power Integrations by 32.0% in the 4th quarter. Numerai GP LLC now owns 26,230 shares of the semiconductor company's stock valued at $1,618,000 after purchasing an additional 6,364 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Power Integrations by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,219 shares of the semiconductor company's stock worth $1,988,000 after purchasing an additional 1,215 shares during the period.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. The trade was a 18.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,954 shares of company stock valued at $1,328,862 in the last three months. 1.40% of the stock is owned by corporate insiders.

Power Integrations Stock Down 2.7%

NASDAQ POWI traded down $1.40 during trading on Wednesday, hitting $51.43. The stock had a trading volume of 136,802 shares, compared to its average volume of 461,455. The company has a market capitalization of $2.89 billion, a PE ratio of 89.97, a PEG ratio of 4.08 and a beta of 1.31. The firm has a 50 day moving average price of $50.50 and a 200 day moving average price of $58.19. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The firm had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. The business's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share 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 is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. Power Integrations's dividend payout ratio (DPR) is presently 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.