Charles Schwab Investment Management Inc. Has $39.83 Million Stock Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Charles Schwab Investment Management Inc. trimmed its stake in Power Integrations, Inc. (NASDAQ:POWI) by 18.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 621,232 shares of the semiconductor company’s stock after selling 144,810 shares during the period. Charles Schwab Investment Management Inc. owned 1.09% of Power Integrations worth $39,833,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. grew its stake in Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after buying an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations during the 2nd quarter valued at $63,000. Quest Partners LLC lifted its position in Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying an additional 240 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Power Integrations by 32.0% during the third 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 last quarter.

Analyst Ratings Changes

POWI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. 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 research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Finally, TD Cowen reduced their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In other news, VP Doug Bailey sold 8,549 shares of the 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction on 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 owns 130,934 shares in the company, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is owned by insiders.

Power Integrations Stock Up 2.5 %

Shares of POWI stock opened at $67.13 on Tuesday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 101.71, a P/E/G ratio of 7.09 and a beta of 1.10. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68. The firm has a fifty day moving average of $63.47 and a 200-day moving average of $67.13.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. 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 payout ratio is currently 121.21%.

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.