Alliancebernstein L.P. decreased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,158 shares of the semiconductor company’s stock after selling 4,000 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Power Integrations worth $2,928,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Power Integrations by 70,779.1% in the first quarter. BlackRock Inc. now owns 3,457,481 shares of the semiconductor company’s stock worth $227,330,000 after acquiring an additional 3,452,603 shares in the last quarter. Vanguard Group Inc. raised its position in 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 acquiring an additional 153,103 shares in the last quarter. GW&K Investment Management LLC raised its position in Power Integrations by 5.1% in the second quarter. GW&K Investment Management LLC now owns 824,737 shares of the semiconductor company’s stock worth $60,123,000 after acquiring an additional 40,065 shares in the last quarter. State Street Corp raised its position in Power Integrations by 7.7% in the first quarter. State Street Corp now owns 790,601 shares of the semiconductor company’s stock worth $51,987,000 after acquiring an additional 56,748 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 8,689 shares in the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.

Power Integrations, Inc. (NASDAQ POWI) opened at 72.70 on Wednesday. The stock has a 50 day moving average price of $72.25 and a 200-day moving average price of $69.61. The stock has a market cap of $2.16 billion, a PE ratio of 40.41 and a beta of 1.28. Power Integrations, Inc. has a 12 month low of $60.67 and a 12 month high of $82.80.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business 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 quarter in the prior year, the firm posted $0.61 earnings per share. On average, analysts expect that Power Integrations, Inc. will post $2.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. Power Integrations’s dividend payout ratio (DPR) is 29.95%.

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In other news, VP Raja Petrakian sold 2,272 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total value of $156,518.08. Following the completion of the sale, the vice president now owns 30,815 shares in the company, valued at $2,122,845.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David Mh Matthews sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 72,593 shares of company stock valued at $5,644,357. Insiders own 4.30% of the company’s stock.

POWI has been the subject of several research analyst reports. BidaskClub cut 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 issued a $82.00 price objective (up previously from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Deutsche Bank AG cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Tuesday, July 25th. Drexel Hamilton set a $84.00 price objective on Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $81.33.

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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