Grantham Mayo Van Otterloo & Co. LLC Acquires 65,504 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 511,498 shares of the semiconductor company's stock after acquiring an additional 65,504 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.90% of Power Integrations worth $31,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in POWI. Vanguard Group Inc. grew its holdings in shares of Power Integrations by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after acquiring an additional 114,047 shares during the period. State Street Corp boosted 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 worth $162,886,000 after purchasing an additional 27,488 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of 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 valued at $150,879,000 after purchasing an additional 105,034 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Power Integrations by 4.0% during the 3rd 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Power Integrations by 10.3% during the 4th 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 last quarter.

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Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on POWI shares. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Benchmark reiterated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Three 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Power Integrations Stock Down 0.2 %

NASDAQ:POWI traded down $0.10 during trading hours on Friday, hitting $44.51. 205,239 shares of the stock traded hands, compared to its average volume of 450,567. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 78.09, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The stock has a 50 day moving average price of $56.41 and a 200 day moving average price of $60.73.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. Equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the business's stock in a transaction on 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 $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the transaction, the vice president now owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,105 shares of company stock valued at $3,075,198. 1.50% of the stock is 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.