Natixis Advisors LLC Purchases 4,990 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Natixis Advisors LLC grew its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 44.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,276 shares of the semiconductor company's stock after buying an additional 4,990 shares during the quarter. Natixis Advisors LLC's holdings in Power Integrations were worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Madison Investment Advisors LLC purchased a new stake in Power Integrations during the 4th quarter valued at $5,210,000. Swiss National Bank lifted its holdings in shares of Power Integrations by 0.8% during the fourth quarter. Swiss National Bank now owns 111,800 shares of the semiconductor company's stock valued at $6,898,000 after purchasing an additional 900 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Power Integrations during the fourth quarter valued at $210,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Power Integrations by 3.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,277 shares of the semiconductor company's stock worth $881,000 after buying an additional 416 shares in the last quarter. Finally, Dundas Partners LLP raised its position in Power Integrations by 10.4% in the 4th quarter. Dundas Partners LLP now owns 5,055 shares of the semiconductor company's stock worth $312,000 after buying an additional 475 shares during the last quarter.

Power Integrations Trading Down 6.5 %

POWI stock traded down $3.57 during midday trading on Friday, reaching $50.98. 544,662 shares of the company's stock traded hands, compared to its average volume of 429,024. Power Integrations, Inc. has a 52-week low of $50.95 and a 52-week high of $79.13. The stock has a market cap of $2.90 billion, a P/E ratio of 89.44, a PEG ratio of 4.08 and a beta of 1.11. The stock's 50-day moving average is $59.70 and its 200 day moving average is $61.76.

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Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Power Integrations

In related news, 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 transaction of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares of the company's stock, valued at approximately $6,706,435.50. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Radu Barsan sold 10,393 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares of the company's stock, 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. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

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.