Power Integrations, Inc. (NASDAQ:POWI) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Power Integrations, Inc. (NASDAQ:POWI) by 44.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,276 shares of the semiconductor company’s stock after purchasing an additional 4,990 shares during the period. Natixis Advisors LLC’s holdings in Power Integrations were worth $1,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares during the period. MML Investors Services LLC lifted its holdings in Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 207 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 230 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Power Integrations by 110.6% in 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 last quarter. Finally, US Bancorp DE raised its holdings in shares of Power Integrations by 3.3% in the 4th quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company’s stock worth $679,000 after purchasing an additional 353 shares in the last quarter.

Power Integrations Stock Down 1.3 %

Shares of NASDAQ:POWI opened at $55.74 on Wednesday. The company has a market cap of $3.17 billion, a P/E ratio of 97.79, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The company’s fifty day moving average is $60.20 and its two-hundred day moving average is $61.88. Power Integrations, Inc. has a 12-month low of $54.04 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.51%. Power Integrations’s dividend payout ratio is presently 147.37%.

Analysts Set New Price Targets

A number of analysts recently weighed in on POWI shares. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insiders Place Their Bets

In other news, CEO Balu Balakrishnan sold 6,012 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $58.26, for a total transaction of $350,259.12. Following the completion of the sale, the chief executive officer now directly owns 605,365 shares of the company’s stock, valued at $35,268,564.90. This trade represents a 0.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

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.