JPMorgan Chase & Co. Increases Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

JPMorgan Chase & Co. raised its position in Power Integrations, Inc. (NASDAQ:POWI) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,920,459 shares of the semiconductor company’s stock after acquiring an additional 178,896 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.38% of Power Integrations worth $118,492,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of POWI. Smartleaf Asset Management LLC lifted its holdings in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares during the period. Versant Capital Management Inc lifted its stake in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. lifted its stake in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 192 shares during the period. KBC Group NV boosted its holdings in Power Integrations by 43.0% in the fourth quarter. KBC Group NV now owns 2,549 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 767 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Power Integrations during the 4th quarter valued at $210,000.

Power Integrations Price Performance

NASDAQ:POWI opened at $51.32 on Thursday. The company’s 50-day simple moving average is $58.99 and its 200 day simple moving average is $61.59. Power Integrations, Inc. has a one year low of $48.93 and a one year high of $79.13. The firm has a market capitalization of $2.92 billion, a P/E ratio of 90.04, a PEG ratio of 4.08 and a beta of 1.11.

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

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.64%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Power Integrations

In related news, CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at $6,535,000.53. The trade was a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,544 shares of company stock worth $2,433,105. Corporate insiders own 1.70% of the company’s stock.

Power Integrations Company Profile

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.