Wellington Management Group LLP Raises Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Wellington Management Group LLP raised its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,445,362 shares of the semiconductor company's stock after buying an additional 105,034 shares during the quarter. Wellington Management Group LLP owned about 4.30% of Power Integrations worth $150,879,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in POWI. Citigroup Inc. lifted its stake in shares of Power Integrations by 158.4% during the third quarter. Citigroup Inc. now owns 56,612 shares of the semiconductor company's stock worth $3,630,000 after buying an additional 34,707 shares during the period. The Manufacturers Life Insurance Company raised its stake in Power Integrations by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,451 shares of the semiconductor company's stock worth $6,632,000 after acquiring an additional 419 shares during the last quarter. FMR LLC lifted its position in Power Integrations by 164.6% during the 3rd quarter. FMR LLC now owns 17,247 shares of the semiconductor company's stock worth $1,106,000 after acquiring an additional 10,728 shares during the period. BNP Paribas Financial Markets grew its stake in Power Integrations by 89.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company's stock valued at $3,665,000 after purchasing an additional 27,016 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of Power Integrations by 12.5% in the third quarter. Glenmede Trust Co. NA now owns 4,495 shares of the semiconductor company's stock valued at $288,000 after purchasing an additional 498 shares during the period.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Insiders Place Their Bets

In other news, CFO Sandeep Nayyar sold 5,152 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the transaction, the chief financial officer now directly owns 110,394 shares of the company's stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. 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 Power Integrations stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the sale, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,105 shares of company stock worth $3,075,198. 1.70% of the stock is owned by corporate insiders.

Power Integrations Stock Down 0.9 %

Shares of NASDAQ POWI traded down $0.40 during midday trading on Monday, reaching $43.28. 1,535,149 shares of the stock were exchanged, compared to its average volume of 443,983. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 75.93, a PEG ratio of 4.08 and a beta of 1.32. The firm has a 50-day simple moving average of $57.91 and a two-hundred day simple moving average of $61.28. Power Integrations, Inc. has a twelve month low of $41.11 and a twelve month high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. Research 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 issued a $0.21 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. Power Integrations's payout ratio is 147.37%.

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.