2 weeks Ago By ABMN Staff
Natixis Advisors LLC grew its stake in Power Integrations, Inc. ( NASDAQ:POWI – Free Report ) by 44.2% in the fourth quarter, Holdings Channel.
com reports. The institutional investor 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 SEC filing.
Several other large investors also recently made changes to their positions in POWI. State Street Corp raised its stake in shares of Power Integrations by 1.1% in the 3rd quarter.
State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after acquiring an additional 27,488 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Power Integrations by 25.6% in the third quarter.
Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after purchasing an additional 476,986 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Power Integrations by 4.
0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares during the last quarter.
Geode Capital Management LLC boosted its holdings in shares of Power Integrations by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after buying an additional 63,150 shares during the period.
Finally, Copeland Capital Management LLC grew its stake in Power Integrations by 1.2% in the 4th quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock valued at $75,376,000 after buying an additional 14,530 shares during the last quarter.
Wall Street Analysts Forecast Growth A number of research firms have issued reports on POWI. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th.
Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.
Insider Transactions at Power Integrations In other news, VP Clifford Walker sold 2,472 shares of the 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 $150,174.
00. Following the completion of the transaction, the vice president now directly owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75.
This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Also, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.
44. Following the completion of the sale, the vice president now directly owns 45,295 shares in the company, valued at approximately $2,993,093.60.
This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here .
In the last three months, insiders sold 39,544 shares of company stock valued at $2,433,105. Company insiders own 1.70% of the company’s stock.
Power Integrations Stock Down 1.3 % POWI stock opened at $55.74 on Wednesday.
Power Integrations, Inc. has a twelve month low of $54.04 and a twelve month high of $79.
13. The company has a market cap of $3.17 billion, a PE ratio of 97.
79, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.
The business’s 50-day simple moving average is $60.20 and its 200 day simple moving average is $61.88.
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 return on equity of 4.
48% and a net margin of 7.69%. On average, equities research analysts anticipate that Power Integrations, Inc.
will post 0.93 EPS for the current year. Power Integrations Dividend Announcement 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 issued a $0.21 dividend. This represents a $0.
84 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, February 28th.
Power Integrations’s dividend payout ratio (DPR) is presently 147.37%. Power Integrations Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc.
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