Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Capital International Investors

Capital International Investors raised its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503,132 shares of the semiconductor company's stock after purchasing an additional 82,681 shares during the period. Capital International Investors owned 2.64% of Power Integrations worth $92,743,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farringdon Capital Ltd. purchased a new stake in Power Integrations in the 4th quarter valued at approximately $433,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Power Integrations during the fourth quarter valued at $296,000. Barclays PLC increased its position in Power Integrations by 34.6% during the 4th quarter. Barclays PLC now owns 243,330 shares of the semiconductor company's stock worth $15,013,000 after purchasing an additional 62,576 shares in the last quarter. Townsquare Capital LLC increased its position in Power Integrations by 13.5% during the 4th quarter. Townsquare Capital LLC now owns 28,297 shares of the semiconductor company's stock worth $1,746,000 after purchasing an additional 3,376 shares in the last quarter. Finally, Covestor Ltd raised its stake in Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 234 shares during the last quarter.

Power Integrations Stock Up 2.2 %

Shares of NASDAQ POWI traded up $1.03 during trading on Wednesday, hitting $47.27. 407,290 shares of the company traded hands, compared to its average volume of 455,215. The firm has a market capitalization of $2.69 billion, a P/E ratio of 82.93, a P/E/G ratio of 4.08 and a beta of 1.32. The company has a 50-day moving average price of $53.88 and a 200-day moving average price of $59.68. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.78%. Power Integrations's dividend payout ratio (DPR) is 147.37%.

Insiders Place Their Bets

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the business'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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 over the last ninety days. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on POWI. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus reduced their price target 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.83.

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.