Swiss National Bank trimmed its stake in shares of Power Integrations, Inc. (NASDAQ:POWI – Get Rating) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,400 shares of the semiconductor company’s stock after selling 3,200 shares during the quarter. Swiss National Bank owned about 0.24% of Power Integrations worth $10,456,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Brown Advisory Inc. acquired a new position in Power Integrations in the 1st quarter valued at about $45,206,000. Robeco Schweiz AG increased its stake in shares of Power Integrations by 49.3% during the first quarter. Robeco Schweiz AG now owns 1,176,650 shares of the semiconductor company’s stock worth $109,052,000 after purchasing an additional 388,650 shares during the period. Wasatch Advisors Inc. acquired a new stake in Power Integrations during the 1st quarter worth approximately $27,617,000. GW&K Investment Management LLC boosted its stake in Power Integrations by 33.1% in the 1st quarter. GW&K Investment Management LLC now owns 868,125 shares of the semiconductor company’s stock valued at $80,458,000 after purchasing an additional 215,838 shares during the period. Finally, American Century Companies Inc. grew its holdings in Power Integrations by 66.0% in the 1st quarter. American Century Companies Inc. now owns 528,598 shares of the semiconductor company’s stock valued at $48,990,000 after buying an additional 210,219 shares in the last quarter. 97.40% of the stock is owned by institutional investors.
Analysts Set New Price Targets
POWI has been the subject of a number of recent research reports. Benchmark reduced their target price on shares of Power Integrations from $95.00 to $90.00 in a research report on Monday, September 12th. Susquehanna Bancshares lowered their target price on shares of Power Integrations from $105.00 to $98.00 and set a “positive” rating on the stock in a report on Friday, August 5th. TheStreet downgraded shares of Power Integrations from an “a-” rating to a “c” rating in a research report on Friday, November 4th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, October 15th. Finally, Cowen downgraded Power Integrations from an “outperform” rating to a “market perform” rating and cut their target price for the company from $90.00 to $65.00 in a research report on Thursday, November 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $81.00.
Insider Transactions at Power Integrations
Power Integrations Price Performance
Shares of NASDAQ:POWI opened at $78.72 on Monday. The company’s 50 day simple moving average is $68.07 and its 200 day simple moving average is $74.65. Power Integrations, Inc. has a 1 year low of $59.16 and a 1 year high of $110.43. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 24.68 and a beta of 1.08.
Power Integrations Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.91%. Power Integrations’s dividend payout ratio (DPR) is currently 22.57%.
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.
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