Natixis Advisors LLC Sells 1,585 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Natixis Advisors LLC lowered its position in shares of Power Integrations, Inc. (NASDAQ:POWI) by 12.3% in the third quarter, HoldingsChannel reports. The fund 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 SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Power Integrations by 55.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock valued at $2,138,000 after acquiring an additional 12,297 shares during the period. GSA Capital Partners LLP increased its position in Power Integrations by 97.5% during the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock worth $1,669,000 after buying an additional 12,847 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Power Integrations in the second quarter valued at approximately $699,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Power Integrations by 10.9% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 234,418 shares of the semiconductor company’s stock valued at $16,454,000 after buying an additional 23,056 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after acquiring an additional 213,392 shares during the period.

Power Integrations Stock Down 1.4 %

NASDAQ POWI opened at $64.77 on Thursday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 98.14, a price-to-earnings-growth ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The business’s fifty day moving average is $63.05 and its 200 day moving average is $67.46.

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, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. On average, research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share 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. Stockholders 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 represents a $0.84 annualized dividend and a dividend yield of 1.30%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is currently 127.27%.

Insider Activity 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 transaction of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

POWI has been the topic of several research reports. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, August 12th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. TD Cowen lowered their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations 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.