Fmr LLC Has $1.11 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

FMR LLC boosted its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 164.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,247 shares of the semiconductor company's stock after acquiring an additional 10,728 shares during the period. FMR LLC's holdings in Power Integrations were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Power Integrations by 55.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company's stock worth $2,138,000 after purchasing an additional 12,297 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Power Integrations by 97.5% in the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company's stock valued at $1,669,000 after buying an additional 12,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Power Integrations by 214.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock valued at $2,684,000 after buying an additional 28,548 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Power Integrations during the 2nd quarter worth approximately $699,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Power Integrations by 10.9% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 234,418 shares of the semiconductor company's stock worth $16,454,000 after buying an additional 23,056 shares during the last quarter.

Insider Activity at Power Integrations

In related news, VP Clifford Walker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % 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 Doug Bailey sold 8,549 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company's stock, valued at $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,655 shares of company stock worth $1,205,566 in the last three months. 1.70% of the stock is owned by company insiders.

Power Integrations Stock Up 0.4 %

POWI stock traded up $0.27 during mid-day trading on Tuesday, reaching $65.06. The company had a trading volume of 283,208 shares, compared to its average volume of 404,200. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $87.02. The stock has a market capitalization of $3.70 billion, a P/E ratio of 98.58, a P/E/G ratio of 7.01 and a beta of 1.12. The stock's 50-day simple moving average is $63.89 and its two-hundred day simple moving average is $66.28.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period last year, the firm posted $0.35 EPS. Power Integrations's quarterly revenue was down 7.7% compared to the same quarter last year. On average, research analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Power Integrations's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations's dividend payout ratio is 127.27%.

Analyst Ratings Changes

Several research firms recently issued reports on POWI. Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Susquehanna dropped their target price on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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.