Charles Schwab Investment Management Inc. Has $40.41 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Charles Schwab Investment Management Inc. boosted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 654,973 shares of the semiconductor company's stock after purchasing an additional 33,741 shares during the period. Charles Schwab Investment Management Inc. owned 1.15% of Power Integrations worth $40,412,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after acquiring an additional 476,986 shares in the last quarter. Barclays PLC boosted its holdings in shares of Power Integrations by 173.4% during the third 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. Disciplined Growth Investors Inc. MN grew its position in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock valued at $135,400,000 after purchasing an additional 80,761 shares in the last quarter. Geode Capital Management LLC increased its stake in Power Integrations by 4.2% in the 3rd 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. Finally, Edgestream Partners L.P. purchased a new stake in Power Integrations in the 3rd quarter worth approximately $3,389,000.

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Power Integrations Stock Performance

Shares of POWI traded up $0.18 during trading hours on Wednesday, hitting $57.45. 165,033 shares of the company were exchanged, compared to its average volume of 410,721. The company has a market cap of $3.27 billion, a PE ratio of 100.91, a PEG ratio of 4.08 and a beta of 1.11. The firm's 50 day moving average is $60.69 and its 200-day moving average is $62.08. Power Integrations, Inc. has a 52 week low of $54.55 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its 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 return on equity of 4.48% and a net margin of 7.69%. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.46%. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analyst Weigh In

POWI has been the topic of several research analyst reports. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Benchmark reaffirmed a "buy" rating and issued 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Insider Buying and Selling

In related news, VP Clifford Walker sold 1,131 shares of Power Integrations stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $65,609.31. Following the sale, the vice president now directly owns 143,718 shares of the company's stock, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the transaction, the chief financial officer now owns 112,653 shares in the company, valued at $6,535,000.53. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock worth $2,433,105 in the last quarter. 1.70% of the stock is currently 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.