Mercer Global Advisors Inc. ADV Makes New Investment in Power Integrations, Inc. (NASDAQ:POWI)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,957 shares of the semiconductor company’s stock, valued at approximately $368,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Power Integrations by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after acquiring an additional 114,047 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Power Integrations by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock worth $150,879,000 after acquiring an additional 105,034 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after acquiring an additional 178,896 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Power Integrations by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company’s stock worth $99,000,000 after acquiring an additional 28,793 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Power Integrations by 5.8% during the fourth quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company’s stock worth $92,743,000 after acquiring an additional 82,681 shares in the last quarter.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total transaction of $488,557.36. Following the transaction, the chief executive officer now directly owns 590,580 shares of the company’s stock, valued at approximately $30,231,790.20. The trade was a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Clifford Walker sold 1,088 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares in the company, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,954 shares of company stock valued at $1,328,862. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Stifel Nicolaus lifted their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.67.

Power Integrations Stock Down 1.0%

Shares of NASDAQ POWI opened at $54.82 on Thursday. The firm’s fifty day moving average is $50.78 and its 200 day moving average is $58.50. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 96.18, a PEG ratio of 4.08 and a beta of 1.31. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $105.53 million for the quarter, compared to the consensus estimate of $105.44 million. Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, May 30th. Power Integrations’s payout ratio is currently 129.23%.

Power Integrations 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.