Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in Power Integrations, Inc. (NASDAQ:POWI) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,806 shares of the semiconductor company’s stock after selling 609 shares during the period. Loomis Sayles & Co. L P owned about 0.62% of Power Integrations worth $22,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Citigroup Inc. raised its holdings in Power Integrations by 158.4% in the third quarter. Citigroup Inc. now owns 56,612 shares of the semiconductor company’s stock valued at $3,630,000 after acquiring an additional 34,707 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Power Integrations in the 3rd quarter valued at approximately $983,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Power Integrations by 10.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 257,823 shares of the semiconductor company’s stock valued at $16,531,000 after purchasing an additional 23,405 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Power Integrations by 60.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,451 shares of the semiconductor company’s stock worth $670,000 after purchasing an additional 3,926 shares during the last quarter.

Insider Buying and Selling at Power Integrations

In other news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was 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 accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

POWI has been the topic of a number of analyst reports. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, August 12th. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Susquehanna dropped their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Trading Down 3.5 %

Shares of POWI opened at $65.66 on Wednesday. The company’s 50 day simple moving average is $62.92 and its 200-day simple moving average is $67.53. The firm has a market cap of $3.73 billion, a PE ratio of 99.49, a price-to-earnings-growth ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period last year, the firm posted $0.35 EPS. Power Integrations’s revenue for the quarter was down 7.7% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 121.21%.

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.