Vanguard Trims Power Integrations Stake to 8.6%

TL;DR

**Vanguard just cut its stake in Power Integrations to 8.6%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in Power Integrations Inc. As of December 29, 2023, Vanguard beneficially owned 5,051,005 shares of Power Integrations' Common Stock, representing 8.6% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which matters to investors as it shows a large institutional investor's adjusted position in the company.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, has slightly reduced its ownership in Power Integrations Inc., which could signal a shift in their investment strategy or outlook on the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate high-risk events for the company.

Analyst Insight

Investors should note that a large institutional investor like Vanguard has slightly reduced its stake. While not a strong buy or sell signal, it's worth monitoring future filings for further changes in institutional ownership, which can sometimes precede broader market sentiment shifts.

Key Numbers

• 5,051,005 — Shares Beneficially Owned (The total number of Common Stock shares of Power Integrations Inc. owned by The Vanguard Group as of December 29, 2023.)
• 8.6% — Percentage of Class (The percentage of Power Integrations Inc.'s Common Stock beneficially owned by The Vanguard Group.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for The Vanguard Group to file this Schedule 13G/A amendment.)
• 0 — Sole Voting Power (The number of shares over which The Vanguard Group holds sole voting power, indicating they do not individually control voting decisions for these shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Power Integrations Inc. (company) — subject company whose securities are being reported
• 5,051,005 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 8.6% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will continue to adjust its stake in Power Integrations based on market conditions and its investment models. (The Vanguard Group) — medium confidence, target: Next 12 months

FAQ

Filing Documents

• tv01726-powerintegrationsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021740.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Power Integrations Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 5245 Hellyer Avenue San Jose, CA 95138-1002

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 739276103

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR