State Street Corp Has $162.89 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

State Street Corp increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,540,328 shares of the semiconductor company's stock after purchasing an additional 27,488 shares during the quarter. State Street Corp owned 4.47% of Power Integrations worth $162,886,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Power Integrations during the second quarter worth $63,000. Truvestments Capital LLC bought a new stake in shares of Power Integrations in the third quarter valued at about $87,000. Quest Partners LLC lifted its holdings in shares of Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 240 shares in the last quarter. KBC Group NV boosted its position in shares of Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock worth $114,000 after buying an additional 432 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company's stock worth $126,000 after buying an additional 135 shares in the last quarter.

Power Integrations Price Performance

NASDAQ POWI traded down $1.09 on Friday, hitting $64.73. 448,924 shares of the stock were exchanged, compared to its average volume of 404,952. The company has a market capitalization of $3.68 billion, a PE ratio of 98.08, a P/E/G ratio of 7.09 and a beta of 1.12. The business's fifty day moving average is $63.84 and its 200 day moving average is $66.49. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $115.84 million for the quarter, compared to analysts' expectations of $114.83 million. During the same period in the prior year, the firm earned $0.35 EPS. Power Integrations's quarterly revenue was down 7.7% compared to the same quarter last year. Analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Power Integrations's previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. Power Integrations's dividend payout ratio (DPR) is presently 127.27%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on POWI shares. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Susquehanna decreased their target price on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research report on Thursday, November 7th. Three 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $78.00.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 8,549 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now directly owns 130,934 shares of the company's stock, valued at $8,426,912.24. The trade was a 7.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is owned by company insiders.

About Power Integrations

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.