Grantham Mayo Van Otterloo & Co. LLC Has $31.56 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 511,498 shares of the semiconductor company’s stock after acquiring an additional 65,504 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Power Integrations were worth $31,559,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after purchasing an additional 114,047 shares during the period. State Street Corp boosted its position in shares of Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after buying an additional 27,488 shares during the period. Wellington Management Group LLP grew its holdings in shares of Power Integrations by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after buying an additional 105,034 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after buying an additional 80,761 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after acquiring an additional 178,896 shares in the last quarter.

Insider Transactions at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now directly owns 110,394 shares in the company, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,105 shares of company stock worth $3,075,198. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $43.68 on Friday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a PEG ratio of 4.08 and a beta of 1.32. The business has a 50 day simple moving average of $58.27 and a 200 day simple moving average of $61.39. Power Integrations, Inc. has a 52 week low of $41.19 and a 52 week high of $79.13.

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

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. 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.