Natixis Advisors LLC Lowers Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Natixis Advisors LLC lowered its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,286 shares of the semiconductor company’s stock after selling 1,585 shares during the period. Natixis Advisors LLC’s holdings in Power Integrations were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Mather Group LLC. grew its holdings in Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations during the second quarter worth approximately $63,000. Quest Partners LLC boosted its holdings in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares during the last quarter. Finally, KBC Group NV increased its stake in Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 432 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Stifel Nicolaus restated a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

NASDAQ POWI opened at $64.77 on Thursday. The stock has a 50-day simple moving average of $63.05 and a 200 day simple moving average of $67.46. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The stock has a market capitalization of $3.68 billion, a PE ratio of 98.14, a P/E/G ratio of 7.37 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.30%. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

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.