Power Integrations, Inc. (NASDAQ:POWI) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Power Integrations, Inc. (NASDAQ:POWI) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,502 shares of the semiconductor company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Power Integrations were worth $780,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Power Integrations by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock worth $488,566,000 after purchasing an additional 81,455 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after buying an additional 154,032 shares during the period. Wellington Management Group LLP boosted its position in shares of Power Integrations by 5.8% during the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after buying an additional 123,988 shares during the period. Boston Trust Walden Corp grew its stake in shares of Power Integrations by 0.5% in the fourth quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company’s stock valued at $65,118,000 after buying an additional 3,784 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Power Integrations by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 709,208 shares of the semiconductor company’s stock valued at $54,120,000 after buying an additional 46,980 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on POWI. Benchmark raised their target price on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. TD Cowen upped their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Stifel Nicolaus raised their price target on shares of Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.17.

Insider Transactions at Power Integrations

In other news, VP Doug Bailey sold 822 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $60,795.12. Following the sale, the vice president now owns 99,106 shares of the company’s stock, valued at approximately $7,329,879.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Balu Balakrishnan sold 5,746 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.39, for a total value of $421,698.94. Following the completion of the transaction, the chief executive officer now owns 513,693 shares in the company, valued at approximately $37,699,929.27. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $60,795.12. Following the sale, the vice president now owns 99,106 shares in the company, valued at $7,329,879.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,411 shares of company stock valued at $4,203,262. 1.70% of the stock is currently owned by corporate insiders.

Power Integrations Stock Up 0.9 %

Shares of Power Integrations stock opened at $67.90 on Tuesday. Power Integrations, Inc. has a 52-week low of $62.13 and a 52-week high of $99.60. The company has a market capitalization of $3.86 billion, a P/E ratio of 70.00 and a beta of 1.21. The company has a 50 day moving average of $69.88 and a 200 day moving average of $74.50.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 82.47%.

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.