Loomis Sayles & Co. L P Has $21.23 Million Position in Power Integrations, Inc. (NASDAQ:POWI)

Loomis Sayles & Co. L P decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,063 shares of the semiconductor company's stock after selling 10,743 shares during the quarter. Loomis Sayles & Co. L P owned about 0.60% of Power Integrations worth $21,228,000 as of its most recent filing with the SEC.

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

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Wall Street Analyst Weigh In

A number of research analysts recently commented on POWI shares. Benchmark restated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Power Integrations Stock Performance

Power Integrations stock traded up $0.03 during mid-day trading on Wednesday, reaching $51.27. The company's stock had a trading volume of 127,446 shares, compared to its average volume of 431,426. Power Integrations, Inc. has a 12 month low of $48.93 and a 12 month high of $79.13. The business's 50 day simple moving average is $59.22 and its 200 day simple moving average is $61.67. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 89.74, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 2,472 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now directly owns 110,394 shares in the company, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock worth $2,433,105 over the last ninety days. Insiders own 1.70% of the company's stock.

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.