Wellington Management Group LLP Boosts Position in Power Integrations, Inc. (NASDAQ:POWI)

Wellington Management Group LLP grew its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,445,362 shares of the semiconductor company’s stock after buying an additional 105,034 shares during the period. Wellington Management Group LLP owned 4.30% of Power Integrations worth $150,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Power Integrations during the fourth quarter valued at approximately $19,663,000. JPMorgan Chase & Co. grew its position in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after purchasing an additional 178,896 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Power Integrations in the fourth quarter worth $7,470,000. Barclays PLC increased its holdings in shares of Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Power Integrations by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after buying an additional 114,047 shares in the last quarter.

Power Integrations Price Performance

NASDAQ:POWI opened at $51.32 on Thursday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 90.04, a PEG ratio of 4.08 and a beta of 1.11. The business has a 50 day moving average of $58.99 and a 200 day moving average of $61.59. Power Integrations, Inc. has a 1-year low of $48.93 and a 1-year high of $79.13.

Power Integrations (NASDAQ:POWI) last announced 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 return on equity of 4.48% and a net margin of 7.69%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed 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 was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on POWI shares. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark restated a “buy” rating and issued a $78.00 price objective 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Transactions at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares of the company’s stock, valued at $8,635,308.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,544 shares of company stock worth $2,433,105. Company insiders own 1.70% of the company’s stock.

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.