Power Integrations, Inc. (NASDAQ:POWI) Holdings Boosted by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 40.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,017 shares of the semiconductor company's stock after acquiring an additional 203,309 shares during the quarter. Federated Hermes Inc. owned approximately 1.25% of Power Integrations worth $43,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock valued at $444,909,000 after acquiring an additional 114,047 shares during the last quarter. State Street Corp raised its position in Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company's stock valued at $162,886,000 after purchasing an additional 27,488 shares during the period. Wellington Management Group LLP lifted its position in Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock worth $150,879,000 after acquiring an additional 105,034 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock worth $135,400,000 after acquiring an additional 80,761 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after purchasing an additional 178,896 shares during the period.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Price Performance

Shares of POWI stock traded up $0.48 on Friday, hitting $45.09. 627,222 shares of the stock traded hands, compared to its average volume of 453,309. The company's fifty day moving average is $56.09 and its 200 day moving average is $60.60. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The company has a market capitalization of $2.56 billion, a PE ratio of 79.11, a PEG ratio of 4.08 and a beta of 1.32.

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

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is presently 147.37%.

Insider Activity

In other news, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction 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 sale, the vice president now directly owns 141,765 shares of the company's stock, valued at $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Nayyar sold 1,877 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the sale, the chief financial officer now directly owns 112,653 shares of the company's stock, valued at approximately $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 sold a total of 52,105 shares of company stock worth $3,075,198 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

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.