Loomis Sayles & Co. L P Cuts Position in Power Integrations, Inc. (NASDAQ:POWI)

Loomis Sayles & Co. L P reduced its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the 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’s holdings in Power Integrations were worth $22,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in POWI. GAMMA Investing LLC boosted its holdings in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Power Integrations in the 2nd quarter worth approximately $63,000. Quest Partners LLC grew its holdings in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 240 shares during the period. Finally, KBC Group NV increased its stake in Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their target price 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. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Activity

In related news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on 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 directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Power Integrations Trading Down 3.5 %

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

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. 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. This represents a $0.84 annualized dividend and a dividend yield of 1.28%. Power Integrations’s dividend payout ratio (DPR) is 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.