Charles Schwab Investment Management Inc. Grows Position in Power Integrations, Inc. (NASDAQ:POWI)

Charles Schwab Investment Management Inc. raised its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 654,973 shares of the semiconductor company’s stock after purchasing an additional 33,741 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.15% of Power Integrations worth $40,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in POWI. Atria Investments Inc lifted its stake in shares of Power Integrations by 10.6% during the 3rd quarter. Atria Investments Inc now owns 7,483 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 717 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Power Integrations by 20.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,869 shares of the semiconductor company’s stock worth $1,915,000 after acquiring an additional 5,097 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Power Integrations by 6.3% during the 3rd quarter. Victory Capital Management Inc. now owns 12,589 shares of the semiconductor company’s stock worth $807,000 after purchasing an additional 744 shares in the last quarter. KBC Group NV lifted its holdings in Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Power Integrations during the 3rd quarter worth about $2,754,000.

Power Integrations Price Performance

Shares of POWI opened at $57.25 on Friday. The firm’s 50 day simple moving average is $60.90 and its 200 day simple moving average is $62.22. The company has a market capitalization of $3.26 billion, a P/E ratio of 100.44, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 1-year low of $54.55 and a 1-year 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 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%. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. Power Integrations’s dividend payout ratio is 147.37%.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Activity at Power Integrations

In other news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,544 shares of company stock valued at $2,433,105. Corporate insiders own 1.70% of the company’s stock.

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.