Legal & General Group Plc lifted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,673 shares of the semiconductor company’s stock after purchasing an additional 4,970 shares during the quarter. Legal & General Group Plc owned 0.19% of Power Integrations worth $4,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nationwide Fund Advisors boosted its position in shares of Power Integrations by 4.6% during the 1st quarter. Nationwide Fund Advisors now owns 40,413 shares of the semiconductor company’s stock worth $2,657,000 after acquiring an additional 1,793 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Power Integrations by 11.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 41,928 shares of the semiconductor company’s stock worth $2,754,000 after acquiring an additional 4,457 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Power Integrations by 50.2% during the 1st quarter. Chicago Equity Partners LLC now owns 6,135 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 2,050 shares in the last quarter. US Bancorp DE boosted its position in shares of Power Integrations by 11.3% during the 1st quarter. US Bancorp DE now owns 10,590 shares of the semiconductor company’s stock worth $696,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Power Integrations by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,142,535 shares of the semiconductor company’s stock worth $75,121,000 after acquiring an additional 30,058 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors.

Power Integrations, Inc. (POWI) opened at 73.90 on Wednesday. Power Integrations, Inc. has a one year low of $57.29 and a one year high of $82.80. The stock’s 50 day moving average is $71.75 and its 200-day moving average is $68.37. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 41.08 and a beta of 1.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. Power Integrations’s dividend payout ratio (DPR) is 29.95%.

POWI has been the topic of several analyst reports. Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Tuesday, May 30th. BidaskClub lowered shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Stifel Nicolaus reiterated a “buy” rating and set a $82.00 price target (up previously from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Tuesday, July 25th. Finally, Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.50.

In other Power Integrations news, VP David Mh Matthews sold 1,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total transaction of $71,220.00. Following the completion of the sale, the vice president now owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Raja Petrakian sold 2,272 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now directly owns 30,815 shares of the company’s stock, valued at approximately $2,122,845.35. The disclosure for this sale can be found here. Insiders sold a total of 134,593 shares of company stock valued at $10,278,057 in the last ninety days. 4.30% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Legal & General Group Plc Acquires 4,970 Shares of Power Integrations, Inc. (POWI)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.thecerbatgem.com/2017/09/13/legal-general-group-plc-acquires-4970-shares-of-power-integrations-inc-powi.html.

Power Integrations 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)

Receive News & Stock Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related stocks with our FREE daily email newsletter.