Deutsche Bank AG Lowers Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Deutsche Bank AG reduced its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,367 shares of the semiconductor company’s stock after selling 7,197 shares during the quarter. Deutsche Bank AG owned 0.20% of Power Integrations worth $7,180,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. UMB Bank n.a. boosted its holdings in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC grew its position in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 385 shares during the period. Johnson Financial Group Inc. purchased a new position in Power Integrations in the fourth quarter valued at $51,000. Finally, Covestor Ltd raised its position in shares of Power Integrations by 16.9% in the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 234 shares during the period.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $53.97 on Friday. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The stock has a market cap of $3.07 billion, a P/E ratio of 94.69, a P/E/G ratio of 4.08 and a beta of 1.31. The stock’s 50 day simple moving average is $50.65 and its 200-day simple moving average is $58.32.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. The business had revenue of $105.53 million during the quarter, compared to analysts’ expectations of $105.44 million. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations’s payout ratio is 129.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on POWI shares. Stifel Nicolaus raised their target price on Power Integrations from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.67.

Insiders Place Their Bets

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Clifford Walker sold 1,088 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the sale, the vice president now owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,954 shares of company stock worth $1,328,862 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

About Power Integrations

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.