Dimensional Fund Advisors LP Has $48.88 Million Stake in Power Integrations Inc (POWI)

Dimensional Fund Advisors LP lowered its position in Power Integrations Inc (NASDAQ:POWI) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667,680 shares of the semiconductor company’s stock after selling 19,248 shares during the period. Dimensional Fund Advisors LP’s holdings in Power Integrations were worth $48,875,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in POWI. Advisor Group Inc. raised its holdings in shares of Power Integrations by 14.5% in the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 231 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Power Integrations by 71.2% in the second quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 997 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 150 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Power Integrations by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,601 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 391 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Power Integrations in the second quarter valued at about $208,000. Institutional investors own 97.25% of the company’s stock.

Shares of Power Integrations Inc (POWI) opened at $78.75 on Friday. Power Integrations Inc has a 1-year low of $61.44 and a 1-year high of $86.60. The stock has a market cap of $2,390.00, a PE ratio of 41.02 and a beta of 1.27.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The business had revenue of $111.30 million during the quarter, compared to the consensus estimate of $111.82 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts forecast that Power Integrations Inc will post 2.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. Power Integrations’s dividend payout ratio (DPR) is presently 29.17%.

Several analysts have recently commented on POWI shares. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, December 19th. Drexel Hamilton reiterated a “buy” rating and issued a $84.00 target price on shares of Power Integrations in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of Power Integrations in a report on Wednesday, October 4th. Susquehanna Bancshares started coverage on shares of Power Integrations in a report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 target price for the company. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $81.40.

In related news, CEO Balu Balakrishnan sold 51,350 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the completion of the sale, the chief executive officer now owns 268,226 shares in the company, valued at $21,648,520.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Mh Matthews sold 704 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $78.33, for a total transaction of $55,144.32. Following the sale, the vice president now owns 42,654 shares of the company’s stock, valued at approximately $3,341,087.82. The disclosure for this sale can be found here. Insiders have sold 63,089 shares of company stock valued at $5,077,253 in the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

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About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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