DekaBank Deutsche Girozentrale Has $662,000 Stake in Power Integrations, Inc. (NASDAQ:POWI)

DekaBank Deutsche Girozentrale decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,989 shares of the semiconductor company’s stock after selling 2,305 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Power Integrations were worth $662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of POWI. Vanguard Group Inc. increased its stake in Power Integrations by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock valued at $488,566,000 after purchasing an additional 81,455 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after purchasing an additional 154,032 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Power Integrations by 2.8% during the first quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company’s stock worth $231,420,000 after acquiring an additional 67,672 shares in the last quarter. State Street Corp increased its position in shares of Power Integrations by 4.0% during the first quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company’s stock worth $200,057,000 after acquiring an additional 91,770 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Power Integrations by 0.3% during the first quarter. Macquarie Group Ltd. now owns 1,388,016 shares of the semiconductor company’s stock worth $117,482,000 after acquiring an additional 3,797 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on POWI shares. Stifel Nicolaus boosted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research report on Monday, February 26th. Susquehanna boosted their target price on shares of Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, December 18th. TD Cowen boosted 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 report on Friday, February 9th. Finally, Benchmark upped their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.17.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $67.18 on Tuesday. The company’s fifty day moving average price is $71.92 and its 200-day moving average price is $75.26. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 69.26 and a beta of 1.21. Power Integrations, Inc. has a one year low of $66.68 and a one year high of $99.60.

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

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 1.19%. Power Integrations’s payout ratio is currently 82.47%.

Insider Buying and Selling at Power Integrations

In other news, CEO Balu Balakrishnan sold 5,746 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 513,693 shares of the company’s stock, valued at approximately $37,699,929.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Sandeep Nayyar sold 1,642 shares of Power Integrations stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $121,442.32. Following the completion of the transaction, the chief financial officer now directly owns 70,171 shares of the company’s stock, valued at approximately $5,189,847.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 5,746 shares of Power Integrations stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.39, for a total transaction of $421,698.94. Following the transaction, the chief executive officer now directly owns 513,693 shares of the company’s stock, valued at $37,699,929.27. The disclosure for this sale can be found here. Insiders sold 57,411 shares of company stock valued at $4,203,262 in the last quarter. Company 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.