Grantham Mayo Van Otterloo & Co. LLC Raises Position in Power Integrations, Inc. (NASDAQ:POWI)

Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,498 shares of the semiconductor company’s stock after purchasing an additional 65,504 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.90% of Power Integrations worth $31,559,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after buying an additional 114,047 shares during the period. State Street Corp grew its holdings in Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after purchasing an additional 27,488 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Power Integrations by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after purchasing an additional 105,034 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after buying an additional 178,896 shares during the period.

Power Integrations Trading Down 2.7 %

NASDAQ POWI opened at $43.68 on Friday. The company has a 50-day moving average price of $58.27 and a two-hundred day moving average price of $61.39. 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.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 1.92%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Analyst Ratings Changes

A number of research analysts have commented on POWI shares. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Activity

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the sale, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 over the last 90 days. 1.70% of the stock is currently 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.