JPMorgan Chase & Co. decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,741,563 shares of the semiconductor company's stock after selling 143,472 shares during the period. JPMorgan Chase & Co. owned about 3.06% of Power Integrations worth $111,669,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of Power Integrations by 1.1% during the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company's stock worth $162,886,000 after buying an additional 27,488 shares during the last quarter. Wellington Management Group LLP lifted its stake in Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock worth $135,400,000 after buying an additional 80,761 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company's stock worth $101,033,000 after buying an additional 63,150 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company's stock worth $77,401,000 after purchasing an additional 213,392 shares in the last quarter.
Insiders Place Their Bets
In other Power Integrations news, VP Clifford Walker sold 10,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. The trade was 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 stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now directly owns 86,375 shares of the company's stock, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,655 shares of company stock valued at $1,205,566. Insiders own 1.50% of the company's stock.
Power Integrations Price Performance
Shares of NASDAQ POWI traded down $0.95 during trading on Thursday, hitting $60.75. The stock had a trading volume of 620,630 shares, compared to its average volume of 402,883. The firm has a fifty day moving average of $63.69 and a two-hundred day moving average of $65.28. The company has a market capitalization of $3.45 billion, a PE ratio of 92.05, a PEG ratio of 7.01 and a beta of 1.12. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $85.00.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.
Power Integrations Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.21 per share. This is a positive change from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, November 29th. Power Integrations's dividend payout ratio (DPR) is 127.27%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. 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 price objective on shares of Power Integrations in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.
Read Our Latest Stock Report on POWI
About Power Integrations
(
Free Report)
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.
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