Pinebridge Investments L.P. Buys 8,713 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Pinebridge Investments L.P. lifted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,126 shares of the semiconductor company's stock after purchasing an additional 8,713 shares during the quarter. Pinebridge Investments L.P. owned about 0.05% of Power Integrations worth $1,797,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Power Integrations by 1.6% during the 4th 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 in the last quarter. Wellington Management Group LLP raised its stake in Power Integrations by 4.5% during the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Power Integrations by 10.3% during the fourth 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. Geode Capital Management LLC grew its stake in shares of Power Integrations by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after buying an additional 28,793 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Power Integrations by 5.8% in the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock worth $92,743,000 after buying an additional 82,681 shares during the last quarter.

Insiders Place Their Bets

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 1,088 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock worth $3,075,198 in the last three months. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Price Performance

POWI stock opened at $50.68 on Monday. Power Integrations, Inc. has a 12 month low of $40.78 and a 12 month high of $79.13. The firm's 50-day moving average is $53.47 and its 200 day moving average is $59.47. The company has a market capitalization of $2.88 billion, a PE ratio of 88.91, a P/E/G ratio of 4.08 and a beta of 1.32.

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

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

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.

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.