Power Integrations, Inc. (NASDAQ:POWI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575,437 shares of the semiconductor company's stock after buying an additional 63,150 shares during the period. Geode Capital Management LLC owned about 2.77% of Power Integrations worth $101,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Power Integrations by 8.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company's stock worth $126,000 after acquiring an additional 135 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 205 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 207 shares in the last quarter. Quest Partners LLC grew its stake in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 240 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Power Integrations by 2.0% in the second quarter. Nisa Investment Advisors LLC now owns 12,511 shares of the semiconductor company's stock valued at $878,000 after buying an additional 248 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on POWI shares. Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research report on Thursday, November 7th. Benchmark restated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Three equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations Trading Down 1.9 %

Shares of NASDAQ POWI traded down $1.20 during trading hours on Thursday, reaching $61.22. The stock had a trading volume of 419,497 shares, compared to its average volume of 404,895. The firm has a 50-day moving average of $63.93 and a 200-day moving average of $66.18. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 92.76, a PEG ratio of 7.01 and a beta of 1.12. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $85.27.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. On average, equities analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This is an increase from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations's dividend payout ratio (DPR) is presently 127.27%.

Insider Buying and Selling at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Clifford Walker sold 10,000 shares of the business's stock in a transaction 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 completion of the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is 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.