Wellington Management Group LLP Acquires 105,034 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Wellington Management Group LLP boosted its stake in Power Integrations, Inc. (NASDAQ:POWI) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,445,362 shares of the semiconductor company’s stock after purchasing an additional 105,034 shares during the quarter. Wellington Management Group LLP’s holdings in Power Integrations were worth $150,879,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. MML Investors Services LLC lifted its holdings in Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after buying an additional 207 shares during the period. Pacer Advisors Inc. boosted its position in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after acquiring an additional 230 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 282 shares during the period. Finally, US Bancorp DE raised its position in shares of Power Integrations by 3.3% in the 4th quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company’s stock worth $679,000 after acquiring an additional 353 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on POWI shares. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Activity

In other news, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Power Integrations Stock Performance

NASDAQ:POWI opened at $51.32 on Thursday. The firm has a market cap of $2.92 billion, a P/E ratio of 90.04, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $48.93 and a fifty-two week high of $79.13. The firm has a 50-day simple moving average of $58.99 and a two-hundred day simple moving average of $61.59.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

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.