JPMorgan Chase & Co. Purchases 178,896 Shares of Power Integrations, Inc. (NASDAQ:POWI)

JPMorgan Chase & Co. boosted its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,920,459 shares of the semiconductor company's stock after buying an additional 178,896 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.38% of Power Integrations worth $118,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc increased its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. raised its position in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. KBC Group NV boosted its stake in shares of Power Integrations by 43.0% during the fourth quarter. KBC Group NV now owns 2,549 shares of the semiconductor company's stock valued at $157,000 after purchasing an additional 767 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Power Integrations during the fourth quarter valued at about $210,000.

Remove Ads

Power Integrations Trading Down 0.9 %

POWI stock traded down $0.40 during trading on Monday, hitting $43.28. The company had a trading volume of 1,535,149 shares, compared to its average volume of 443,983. The stock has a market cap of $2.46 billion, a PE ratio of 75.93, a PEG ratio of 4.08 and a beta of 1.32. The business has a 50-day moving average of $57.91 and a 200-day moving average of $61.28. Power Integrations, Inc. has a one year low of $41.11 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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 net margin of 7.69% and a return on equity of 4.48%. Research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. Power Integrations's payout ratio is currently 147.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at approximately $6,535,000.53. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,105 shares of company stock valued at $3,075,198. Corporate insiders own 1.70% of the company's stock.

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.