BlackRock Updates Power Integrations Stake as of Dec 31, 2023
Ticker: POWI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 833640
| Field | Detail |
|---|---|
| Company | Power Integrations INC (POWI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors, passive-investing
TL;DR
**BlackRock just updated its stake in Power Integrations, showing its holdings as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Common Stock in Power Integrations Inc. as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their stake in the semiconductor company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in Power Integrations Inc.'s future performance.
Why It Matters
This filing shows BlackRock's updated ownership in Power Integrations Inc., providing transparency on a significant institutional investor's position. Investors often monitor such filings to gauge institutional sentiment and potential future stock movements.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate a high level of risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Power Integrations Inc. and consider this as part of their broader due diligence, but this filing alone doesn't suggest an immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Power Integrations Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 4 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is POWER INTEGRATIONS INC, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POWER INTEGRATIONS INC' and 'POWER INTEGRATIONS INC (Name of Issuer)' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Power Integrations Inc. is 739276103, as listed under 'CUSIP No. 739276103' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding POWER INTEGRATIONS INC (POWI).