Power Integrations Inc (POWI) Stake Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Power Integrations Inc (NASDAQ:POWI) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 678,998 shares of the company’s stock after selling 59,374 shares during the period. Dimensional Fund Advisors LP’s holdings in Power Integrations were worth $46,071,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of POWI. State Street Corp raised its stake in shares of Power Integrations by 8.4% in the fourth quarter. State Street Corp now owns 733,853 shares of the company’s stock worth $49,793,000 after buying an additional 56,590 shares in the last quarter. Turner Investments LLC acquired a new stake in shares of Power Integrations during the fourth quarter worth $271,000. Comerica Bank raised its stake in shares of Power Integrations by 6.1% in the fourth quarter. Comerica Bank now owns 31,371 shares of the company’s stock worth $2,164,000 after buying an additional 1,814 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Power Integrations by 15.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 16,406 shares of the company’s stock worth $1,113,000 after buying an additional 2,198 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Power Integrations by 7.0% in the fourth quarter. Bessemer Group Inc. now owns 32,100 shares of the company’s stock worth $2,178,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 96.85% of the company’s stock.

Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

Shares of Power Integrations Inc (NASDAQ:POWI) opened at 66.60 on Tuesday. Power Integrations Inc has a 12 month low of $44.81 and a 12 month high of $72.65. The stock has a 50 day moving average price of $65.92 and a 200-day moving average price of $65.04. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 41.11 and a beta of 1.01.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Power Integrations had a net margin of 12.36% and a return on equity of 11.71%. The firm had revenue of $101.10 million for the quarter, compared to the consensus estimate of $101.07 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Analysts expect that Power Integrations Inc will post $2.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 24th. This is an increase from Power Integrations’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 0.84%. Power Integrations’s payout ratio is presently 32.10%.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 9th. Drexel Hamilton assumed coverage on Power Integrations in a research report on Wednesday, December 21st. They issued a “buy” rating and a $79.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.00.

In other Power Integrations news, CFO Sandeep Nayyar sold 1,395 shares of the business’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $69.04, for a total value of $96,310.80. Following the completion of the sale, the chief financial officer now directly owns 32,470 shares of the company’s stock, valued at $2,241,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balu Balakrishnan sold 3,176 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $72.05, for a total transaction of $228,830.80. Following the completion of the sale, the insider now directly owns 211,042 shares of the company’s stock, valued at $15,205,576.10. The disclosure for this sale can be found here. Insiders have sold 145,962 shares of company stock worth $10,077,119 over the last ninety days. 5.70% of the stock is currently owned by insiders.

About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

5 Day Chart for NASDAQ:POWI

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