Loomis Sayles & Co. L P Sells 10,743 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Loomis Sayles & Co. L P decreased its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 344,063 shares of the semiconductor company’s stock after selling 10,743 shares during the period. Loomis Sayles & Co. L P’s holdings in Power Integrations were worth $21,228,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares during the period. Pier Capital LLC lifted its position in Power Integrations by 1.7% during the 4th quarter. Pier Capital LLC now owns 114,375 shares of the semiconductor company’s stock valued at $7,057,000 after acquiring an additional 1,901 shares during the period. EFG Asset Management North America Corp. boosted its stake in Power Integrations by 90.6% during the fourth quarter. EFG Asset Management North America Corp. now owns 61,289 shares of the semiconductor company’s stock worth $3,780,000 after acquiring an additional 29,125 shares in the last quarter. Vanguard Group Inc. grew its holdings in Power Integrations by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after purchasing an additional 114,047 shares during the period. Finally, LPL Financial LLC grew its holdings in Power Integrations by 14.8% in the fourth quarter. LPL Financial LLC now owns 18,707 shares of the semiconductor company’s stock worth $1,154,000 after purchasing an additional 2,407 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on POWI shares. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $50.98 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 89.44, a P/E/G ratio of 4.08 and a beta of 1.11. The firm’s 50 day moving average price is $59.70 and its 200-day moving average price is $61.73. Power Integrations, Inc. has a 52-week low of $50.95 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction 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 transaction, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,544 shares of company stock worth $2,433,105. Company insiders own 1.70% of the company’s stock.

Power Integrations Company Profile

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.