Mirae Asset Global Investments Co. Ltd. Has $2.13 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Mirae Asset Global Investments Co. Ltd. grew its position in Power Integrations, Inc. (NASDAQ:POWI) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,937 shares of the semiconductor company’s stock after acquiring an additional 911 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Power Integrations were worth $2,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Power Integrations by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock valued at $488,566,000 after acquiring an additional 81,455 shares during the period. JPMorgan Chase & Co. grew its position in shares of Power Integrations by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after acquiring an additional 154,032 shares during the period. Wellington Management Group LLP grew its position in shares of Power Integrations by 2.8% in the 1st quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company’s stock valued at $231,420,000 after acquiring an additional 67,672 shares during the period. State Street Corp grew its position in shares of Power Integrations by 4.0% in the 1st quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company’s stock valued at $200,057,000 after acquiring an additional 91,770 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Power Integrations by 0.3% in the 1st quarter. Macquarie Group Ltd. now owns 1,388,016 shares of the semiconductor company’s stock valued at $117,482,000 after acquiring an additional 3,797 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. TD Cowen lifted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Benchmark lifted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a report on Monday, February 26th. Finally, Stifel Nicolaus lifted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.17.

Power Integrations Stock Down 1.7 %

NASDAQ POWI opened at $62.89 on Friday. The company has a market capitalization of $3.58 billion, a P/E ratio of 64.84 and a beta of 1.21. Power Integrations, Inc. has a 12-month low of $62.13 and a 12-month high of $99.60. The firm has a 50-day moving average price of $70.92 and a two-hundred day moving average price of $74.96.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. Equities analysts expect that Power Integrations, Inc. will post 0.65 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, February 28th. Power Integrations’s dividend payout ratio is currently 82.47%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the sale, the chief executive officer now owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the completion of the transaction, the vice president now directly owns 140,834 shares in the company, valued at approximately $9,723,179.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balu Balakrishnan sold 9,799 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the transaction, the chief executive officer now owns 552,161 shares of the company’s stock, valued at $37,883,766.21. The disclosure for this sale can be found here. Insiders sold 57,411 shares of company stock valued at $4,203,262 in the last quarter. Company 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.