Shell Asset Management Co. held its position in Power Integrations, Inc. (NASDAQ:POWI) during the second quarter, Holdings Channel reports. The fund owned 8,814 shares of the semiconductor company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Power Integrations were worth $643,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in Power Integrations by 181.1% in the first quarter. SG Americas Securities LLC now owns 6,662 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 4,292 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Power Integrations by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the semiconductor company’s stock valued at $513,000 after buying an additional 150 shares during the last quarter. Guggenheim Capital LLC boosted its position in Power Integrations by 14.8% in the fourth quarter. Guggenheim Capital LLC now owns 10,413 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 1,343 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Power Integrations by 15.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 142,197 shares of the semiconductor company’s stock valued at $9,350,000 after buying an additional 18,538 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in Power Integrations by 8.0% in the first quarter. Mason Street Advisors LLC now owns 6,878 shares of the semiconductor company’s stock valued at $452,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

Power Integrations, Inc. (POWI) opened at 70.15 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 38.99 and a beta of 1.23. Power Integrations, Inc. has a 12-month low of $56.03 and a 12-month high of $82.80. The stock’s 50 day moving average is $74.21 and its 200 day moving average is $67.90.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $107.85 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts forecast that Power Integrations, Inc. will post $2.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, August 29th. Power Integrations’s dividend payout ratio is 29.95%.

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POWI has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $82.00 price objective (up from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Sidoti initiated coverage on shares of Power Integrations in a research report on Monday, April 17th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Saturday, June 24th. Deutsche Bank AG cut shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, July 25th. Finally, BidaskClub cut shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $78.50.

In other news, insider Balu Balakrishnan sold 50,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $75.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the insider now owns 319,576 shares of the company’s stock, valued at $23,968,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Mh Matthews sold 776 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $67.04, for a total transaction of $52,023.04. Following the sale, the vice president now directly owns 44,405 shares of the company’s stock, valued at approximately $2,976,911.20. The disclosure for this sale can be found here. Insiders have sold 131,981 shares of company stock valued at $10,093,383 in the last three months. 4.30% of the stock is owned by insiders.

Power Integrations Company 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.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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