Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 5,000 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $57.73, for a total value of $288,650.00. Following the completion of the transaction, the insider now directly owns 210,730 shares in the company, valued at approximately $12,165,442.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Balu Balakrishnan also recently made the following trade(s):

  • On Monday, August 29th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $58.11, for a total value of $581,100.00.
  • On Friday, August 26th, Balu Balakrishnan sold 3,655 shares of Power Integrations stock. The shares were sold at an average price of $58.90, for a total value of $215,279.50.
  • On Monday, August 22nd, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $57.84, for a total value of $578,400.00.
  • On Friday, August 19th, Balu Balakrishnan sold 3,800 shares of Power Integrations stock. The shares were sold at an average price of $57.63, for a total value of $218,994.00.
  • On Monday, August 15th, Balu Balakrishnan sold 6,200 shares of Power Integrations stock. The shares were sold at an average price of $57.35, for a total value of $355,570.00.
  • On Thursday, August 11th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $57.60, for a total value of $288,000.00.
  • On Monday, August 8th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $56.10, for a total value of $280,500.00.
  • On Monday, August 1st, Balu Balakrishnan sold 5,600 shares of Power Integrations stock. The shares were sold at an average price of $57.25, for a total value of $320,600.00.
  • On Friday, July 29th, Balu Balakrishnan sold 21,345 shares of Power Integrations stock. The shares were sold at an average price of $59.05, for a total value of $1,260,422.25.
  • On Wednesday, July 27th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $55.90, for a total value of $559,000.00.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 60.81 on Tuesday. The company has a market capitalization of $1.76 billion, a PE ratio of 40.43 and a beta of 1.11. The company has a 50 day moving average price of $57.82 and a 200 day moving average price of $51.70. Power Integrations Inc. has a 1-year low of $39.53 and a 1-year high of $60.93.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Power Integrations had a net margin of 12.36% and a return on equity of 11.64%. The company earned $97.20 million during the quarter, compared to analysts’ expectations of $91.22 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. Power Integrations’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts predict that Power Integrations Inc. will post $2.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.86%. Power Integrations’s payout ratio is 34.44%.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Power Integrations by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,206,875 shares of the company’s stock worth $110,498,000 after buying an additional 45,940 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Power Integrations by 0.4% in the second quarter. BlackRock Fund Advisors now owns 1,813,478 shares of the company’s stock worth $90,801,000 after buying an additional 7,583 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Power Integrations by 24.4% in the first quarter. Disciplined Growth Investors Inc. MN now owns 1,253,347 shares of the company’s stock worth $62,241,000 after buying an additional 245,750 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Power Integrations by 32.5% in the second quarter. Bank of New York Mellon Corp now owns 1,064,064 shares of the company’s stock worth $53,277,000 after buying an additional 260,844 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Power Integrations by 6.9% in the first quarter. GW&K Investment Management LLC now owns 929,778 shares of the company’s stock worth $46,173,000 after buying an additional 59,789 shares during the last quarter. 97.97% of the stock is owned by institutional investors.

POWI has been the topic of a number of recent research reports. Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG raised their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $60.40.

About Power Integrations

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. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

5 Day Chart for NASDAQ:POWI

Receive News & Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.