7,014 Shares in Power Integrations, Inc. (NASDAQ:POWI) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,014 shares of the semiconductor company's stock, valued at approximately $433,000.

Other large investors also recently modified their holdings of the company. MML Investors Services LLC lifted its position in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock valued at $400,000 after purchasing an additional 207 shares in the last quarter. Barclays PLC raised its holdings in shares of Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after purchasing an additional 114,644 shares during the period. Geode Capital Management LLC raised its stake in shares of Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company's stock valued at $101,033,000 after buying an additional 63,150 shares during the period. Tidal Investments LLC lifted its holdings in Power Integrations by 22.8% during the third quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company's stock valued at $805,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after buying an additional 534 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on POWI. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Stifel Nicolaus reduced their target price on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Trading Up 2.6 %

NASDAQ:POWI traded up $1.19 during trading hours on Wednesday, reaching $47.43. 76,187 shares of the company traded hands, compared to its average volume of 453,928. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The business's 50-day moving average price is $54.12 and its two-hundred day moving average price is $59.77. The stock has a market capitalization of $2.70 billion, a P/E ratio of 83.21, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (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, equities analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio is presently 147.37%.

Insider Transactions at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company's stock, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock valued at $3,075,198 over the last quarter. 1.40% of the stock is currently owned by company insiders.

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.