Wellington Management Group LLP Buys 476,986 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Wellington Management Group LLP increased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 25.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,340,328 shares of the semiconductor company's stock after buying an additional 476,986 shares during the quarter. Wellington Management Group LLP owned 4.12% of Power Integrations worth $150,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Power Integrations in the 2nd quarter valued at $63,000. Truvestments Capital LLC acquired a new stake in shares of Power Integrations during the third quarter worth $87,000. Quest Partners LLC raised its position in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 240 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 432 shares during the period.

Power Integrations Trading Down 2.0 %

Shares of POWI stock traded down $1.30 during trading on Tuesday, hitting $65.03. The company's stock had a trading volume of 279,005 shares, compared to its average volume of 405,575. The company has a market cap of $3.70 billion, a PE ratio of 100.50, a P/E/G ratio of 6.84 and a beta of 1.12. The business has a fifty day moving average of $63.65 and a 200-day moving average of $66.68. 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 announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. During the same period in the prior year, the company earned $0.35 earnings per share. Power Integrations's revenue was down 7.7% compared to the same quarter last year. As a group, research analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, November 29th. This is a positive change from Power Integrations's previous quarterly dividend of $0.20. Power Integrations's dividend payout ratio is 127.27%.

Insider Buying and Selling at Power Integrations

In related news, VP Clifford Walker sold 10,000 shares of the firm's 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 transaction, the vice president now directly owns 130,934 shares of the company's stock, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Doug Bailey sold 8,549 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares of the company's stock, valued at approximately $5,610,920. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,655 shares of company stock valued at $1,205,566 in the last three months. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on POWI shares. Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, August 12th. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Benchmark reissued a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. Finally, Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research note on Thursday, November 7th. Three equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Power Integrations Company 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.