Shell Asset Management Co. Acquires 6,836 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Shell Asset Management Co. lifted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,964 shares of the semiconductor company's stock after purchasing an additional 6,836 shares during the quarter. Shell Asset Management Co. owned 0.11% of Power Integrations worth $3,823,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in POWI. Smartleaf Asset Management LLC lifted its position in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares in the last quarter. UMB Bank n.a. lifted its position in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC lifted its position in 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 buying an additional 385 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Power Integrations during the 4th quarter worth about $51,000. Finally, Covestor Ltd lifted its position in Power Integrations by 16.9% during the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after buying an additional 234 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Benchmark restated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $74.67.

Insider Buying and Selling

In related news, VP Clifford Walker sold 1,088 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the sale, the vice president now directly owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the sale, the chief executive officer now directly owns 590,580 shares of the company's stock, valued at approximately $30,231,790.20. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,954 shares of company stock valued at $1,328,862. 1.40% of the stock is owned by corporate insiders.

Power Integrations Trading Down 2.6%

Shares of NASDAQ:POWI traded down $1.39 during mid-day trading on Monday, reaching $52.58. The stock had a trading volume of 326,435 shares, compared to its average volume of 462,416. The firm has a market cap of $2.96 billion, a PE ratio of 92.25, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31. The firm has a 50 day simple moving average of $50.57 and a two-hundred day simple moving average of $58.23. 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 results 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. Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. The business had revenue of $105.53 million for the quarter, compared to the consensus estimate of $105.44 million. During the same period last year, the company posted $0.18 EPS. Power Integrations's revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.60%. Power Integrations's payout ratio is 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.