Morgan Stanley reduced its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 50.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,825 shares of the semiconductor company’s stock after selling 47,791 shares during the period. Morgan Stanley owned approximately 0.16% of Power Integrations worth $3,079,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in POWI. Dimensional Fund Advisors LP raised its position in shares of Power Integrations by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 687,687 shares of the semiconductor company’s stock worth $45,215,000 after buying an additional 8,689 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Power Integrations by 14.3% in the first quarter. Geode Capital Management LLC now owns 247,794 shares of the semiconductor company’s stock worth $16,291,000 after buying an additional 30,912 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Power Integrations by 6.4% in the first quarter. Vanguard Group Inc. now owns 2,537,323 shares of the semiconductor company’s stock worth $166,829,000 after buying an additional 153,103 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Power Integrations by 6.0% in the first quarter. Thrivent Financial For Lutherans now owns 16,690 shares of the semiconductor company’s stock worth $1,097,000 after buying an additional 950 shares in the last quarter. Finally, Impax Asset Management AIFM Ltd raised its position in shares of Power Integrations by 1.0% in the first quarter. Impax Asset Management AIFM Ltd now owns 254,371 shares of the semiconductor company’s stock worth $16,715,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.

Shares of Power Integrations, Inc. (POWI) traded down 1.02% during midday trading on Monday, reaching $68.00. 65,114 shares of the company’s stock were exchanged. Power Integrations, Inc. has a 1-year low of $56.03 and a 1-year high of $82.80. The company has a market capitalization of $2.02 billion, a PE ratio of 37.80 and a beta of 1.23. The firm has a 50-day moving average of $73.76 and a 200-day moving average of $67.83.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Equities analysts expect that Power Integrations, Inc. will post $2.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.82%. Power Integrations’s payout ratio is 29.95%.

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A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (up previously from $82.00) on shares of Power Integrations in a research report on Sunday, July 30th. Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the company a “buy” rating in a research report on Friday, July 28th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $78.50.

In related news, Director Nicholas Brathwaite sold 4,000 shares of Power Integrations stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $80.00, for a total value of $320,000.00. Following the completion of the sale, the director now directly owns 28,109 shares in the company, valued at $2,248,720. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David Mh Matthews sold 776 shares of Power Integrations stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $67.04, for a total value of $52,023.04. Following the completion of the sale, the vice president now owns 44,405 shares of the company’s stock, valued at $2,976,911.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,981 shares of company stock valued at $10,093,383. Corporate insiders own 4.30% of the company’s stock.

Power Integrations Company Profile

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.

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

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