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

Geode Capital Management LLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,604,230 shares of the semiconductor company's stock after buying an additional 28,793 shares during the period. Geode Capital Management LLC owned about 2.82% of Power Integrations worth $99,000,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 600,002 shares of the company's stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,105 shares of company stock worth $3,075,198. Insiders own 1.70% of the company's stock.

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Power Integrations Trading Down 0.2 %

NASDAQ:POWI traded down $0.11 during trading hours on Tuesday, hitting $45.88. 60,050 shares of the stock were exchanged, compared to its average volume of 452,570. The company has a market cap of $2.61 billion, a P/E ratio of 80.63, a P/E/G ratio of 4.08 and a beta of 1.32. The firm's fifty day moving average price is $55.76 and its 200 day moving average price is $60.48. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week 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 the consensus estimate 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 expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.83%. Power Integrations's payout ratio is presently 147.37%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POWI. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Benchmark reiterated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three equities 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. Based on data from MarketBeat, Power Integrations presently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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.