US Bancorp DE Increases Holdings in Power Integrations, Inc. (NASDAQ:POWI)

US Bancorp DE increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,997 shares of the semiconductor company’s stock after purchasing an additional 353 shares during the quarter. US Bancorp DE’s holdings in Power Integrations were worth $679,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares during the last quarter. Barclays PLC increased its holdings in Power Integrations by 173.4% during the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after acquiring an additional 114,644 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after acquiring an additional 80,761 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Power Integrations by 37.3% in the third quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company’s stock valued at $16,031,000 after purchasing an additional 68,502 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after purchasing an additional 63,150 shares during the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the subject of several research reports. Benchmark restated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Three investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Transactions at Power Integrations

In related news, CFO Sandeep Nayyar sold 5,152 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,544 shares of company stock valued at $2,433,105. Insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

NASDAQ:POWI opened at $55.46 on Wednesday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 97.30, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a one year low of $54.55 and a one year high of $79.13. The business’s 50-day simple moving average is $61.31 and its 200 day simple moving average is $62.47.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

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.