Swiss National Bank Decreases Stake in Power Integrations, Inc. (NASDAQ:POWI)

Swiss National Bank lowered its position in Power Integrations, Inc. (NASDAQ:POWI) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,100 shares of the semiconductor company’s stock after selling 12,900 shares during the quarter. Swiss National Bank’s holdings in Power Integrations were worth $9,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in POWI. JPMorgan Chase & Co. lifted 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 worth $195,073,000 after acquiring an additional 154,032 shares during the last quarter. Wellington Management Group LLP lifted its stake in Power Integrations by 5.8% in the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after acquiring an additional 123,988 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in Power Integrations by 26.9% in the third quarter. Congress Asset Management Co. MA now owns 389,645 shares of the semiconductor company’s stock worth $29,734,000 after acquiring an additional 82,614 shares during the last quarter. Vanguard Group Inc. raised its holdings in Power Integrations by 1.3% during the third 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 raised its holdings in Power Integrations by 34.2% during the third quarter. Rhumbline Advisers now owns 246,917 shares of the semiconductor company’s stock worth $18,842,000 after purchasing an additional 62,900 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Power Integrations Price Performance

Shares of Power Integrations stock opened at $76.70 on Tuesday. The firm’s fifty day simple moving average is $69.83 and its 200-day simple moving average is $74.43. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 83.37, a PEG ratio of 4.74 and a beta of 1.20. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $99.60.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. Power Integrations’s payout ratio is 86.96%.

Insider Activity

In other news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the transaction, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David Mh Matthews sold 1,153 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $79,603.12. Following the sale, the insider now owns 68,229 shares of the company’s stock, valued at $4,710,530.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now directly owns 552,161 shares in the company, valued at approximately $37,883,766.21. The disclosure for this sale can be found here. Insiders have sold 38,215 shares of company stock valued at $2,721,640 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.