Fisher Asset Management LLC Has $5.77 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Fisher Asset Management LLC increased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,294 shares of the semiconductor company’s stock after purchasing an additional 918 shares during the period. Fisher Asset Management LLC owned approximately 0.12% of Power Integrations worth $5,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWI. JPMorgan Chase & Co. lifted its position in shares of Power Integrations by 6.4% during the 3rd 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 stake in shares of Power Integrations by 5.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after purchasing an additional 123,988 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Power Integrations by 26.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 389,645 shares of the semiconductor company’s stock worth $29,734,000 after purchasing an additional 82,614 shares during the last quarter. Vanguard Group Inc. increased 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 in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Power Integrations by 34.2% during the 3rd quarter. Rhumbline Advisers now owns 246,917 shares of the semiconductor company’s stock valued at $18,842,000 after purchasing an additional 62,900 shares during the last quarter.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction on Monday, February 12th. The stock was sold at an average price of $81.02, for a total transaction of $423,896.64. Following the completion of the sale, the chief executive officer now directly owns 508,461 shares of the company’s stock, valued at $41,195,510.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Power Integrations news, CEO Balu Balakrishnan sold 5,232 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total value of $423,896.64. Following the completion of the sale, the chief executive officer now owns 508,461 shares of the company’s stock, valued at $41,195,510.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 2,812 shares of Power Integrations stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.99, for a total transaction of $224,931.88. Following the transaction, the chief financial officer now directly owns 67,359 shares in the company, valued at $5,388,046.41. The disclosure for this sale can be found here. Insiders have sold 48,106 shares of company stock worth $3,518,339 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on POWI shares. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Benchmark boosted their price objective on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. TD Cowen raised their target price on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Finally, Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.40.

Power Integrations Stock Performance

NASDAQ POWI opened at $69.67 on Tuesday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 71.82 and a beta of 1.20. Power Integrations, Inc. has a 52 week low of $62.13 and a 52 week high of $99.60. The stock has a fifty day moving average of $69.47 and a 200-day moving average of $74.24.

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

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 82.47%.

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.