Vanguard Group Inc. Grows Stake in Power Integrations, Inc. (NASDAQ:POWI)

Vanguard Group Inc. raised its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,210,835 shares of the semiconductor company's stock after purchasing an additional 114,047 shares during the quarter. Vanguard Group Inc. owned 12.68% of Power Integrations worth $444,909,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in POWI. Allspring Global Investments Holdings LLC bought a new stake in Power Integrations during the 4th quarter valued at approximately $288,000. UMB Bank n.a. boosted its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Power Integrations by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after buying an additional 33,741 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company's stock valued at $3,665,000 after buying an additional 27,016 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Power Integrations in the fourth quarter worth $227,000.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares of the company's stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 over the last three months. 1.70% of the stock is owned by corporate insiders.

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Power Integrations Trading Down 2.7 %

Shares of NASDAQ POWI traded down $1.22 during mid-day trading on Friday, reaching $43.68. The company had a trading volume of 1,337,835 shares, compared to its average volume of 439,618. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 52 week low of $41.19 and a 52 week high of $79.13. The business's 50-day moving average is $58.27 and its 200-day moving average is $61.40.

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%. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. Power Integrations's dividend payout ratio is currently 147.37%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on POWI shares. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com lowered shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.