Natixis Advisors L.P. acquired a new stake in Power Integrations Inc (NASDAQ:POWI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,433 shares of the semiconductor company’s stock, valued at approximately $1,307,000. Natixis Advisors L.P. owned 0.07% of Power Integrations as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in Power Integrations during the fourth quarter worth about $54,000. We Are One Seven LLC purchased a new stake in Power Integrations during the fourth quarter worth about $87,000. ETF Managers Group LLC boosted its holdings in Power Integrations by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 1,904 shares of the semiconductor company’s stock worth $116,000 after buying an additional 258 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Power Integrations by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the semiconductor company’s stock worth $176,000 after buying an additional 200 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in Power Integrations by 15.9% during the fourth quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock worth $189,000 after buying an additional 426 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

In other news, CFO Sandeep Nayyar sold 2,075 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $65.13, for a total value of $135,144.75. Following the completion of the sale, the chief financial officer now owns 70,138 shares of the company’s stock, valued at $4,568,087.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balu Balakrishnan sold 9,266 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of $65.55, for a total transaction of $607,386.30. Following the completion of the sale, the insider now directly owns 286,465 shares of the company’s stock, valued at approximately $18,777,780.75. The disclosure for this sale can be found here. Insiders have sold 73,965 shares of company stock valued at $5,123,593 in the last ninety days. 4.00% of the stock is currently owned by company insiders.

Several analysts have issued reports on POWI shares. Northland Securities started coverage on shares of Power Integrations in a report on Monday, November 26th. They issued an “outperform” rating and a $66.00 price target on the stock. TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a report on Tuesday, December 18th. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, December 28th. ValuEngine downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Power Integrations currently has a consensus rating of “Hold” and an average target price of $78.50.

Shares of POWI stock opened at $69.49 on Monday. Power Integrations Inc has a one year low of $47.35 and a one year high of $80.50. The company has a market cap of $2.01 billion, a P/E ratio of 32.47 and a beta of 1.06.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 7th. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.30 by $0.24. Power Integrations had a net margin of 16.83% and a return on equity of 12.19%. The firm had revenue of $93.30 million during the quarter, compared to analyst estimates of $97.12 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. Power Integrations’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities research analysts expect that Power Integrations Inc will post 1.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be given a dividend of $0.17 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.98%. Power Integrations’s dividend payout ratio is 31.78%.

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Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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Institutional Ownership by Quarter for Power Integrations (NASDAQ:POWI)

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