Barclays PLC Increases Position in Power Integrations, Inc. (NASDAQ:POWI)

Barclays PLC boosted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,330 shares of the semiconductor company's stock after acquiring an additional 62,576 shares during the quarter. Barclays PLC owned 0.43% of Power Integrations worth $15,013,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Power Integrations in the 4th quarter valued at $288,000. UMB Bank n.a. grew its position in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Power Integrations by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after acquiring an additional 33,741 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Power Integrations in the 4th quarter valued at approximately $227,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Power Integrations during the 4th quarter valued at approximately $7,470,000.

Analyst Upgrades and Downgrades

POWI has been the subject of several research reports. StockNews.com downgraded 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.83.

Power Integrations Stock Performance

Shares of POWI stock traded down $0.49 on Friday, hitting $49.70. The company had a trading volume of 87,489 shares, compared to its average volume of 553,452. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The firm has a market cap of $2.83 billion, a P/E ratio of 87.19, a P/E/G ratio of 4.08 and a beta of 1.32. The stock's 50-day moving average is $53.69 and its two-hundred day moving average is $59.60.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly 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%. Equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

Insider Activity

In other news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % 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 in the last ninety days. 1.40% of the stock is owned by company insiders.

Power Integrations Company 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.