Power Integrations Inc. (NASDAQ:POWI) VP Doug Bailey sold 500 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $57.70, for a total value of $28,850.00. Following the completion of the sale, the vice president now directly owns 27,719 shares of the company’s stock, valued at approximately $1,599,386.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Doug Bailey also recently made the following trade(s):

  • On Monday, September 19th, Doug Bailey sold 460 shares of Power Integrations stock. The shares were sold at an average price of $60.00, for a total value of $27,600.00.
  • On Tuesday, August 23rd, Doug Bailey sold 192 shares of Power Integrations stock. The shares were sold at an average price of $58.42, for a total value of $11,216.64.
  • On Tuesday, August 9th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $55.76, for a total value of $27,880.00.
  • On Monday, July 11th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $51.25, for a total value of $25,625.00.

Power Integrations Inc. (NASDAQ:POWI) opened at 60.86 on Wednesday. The company has a market cap of $1.76 billion, a PE ratio of 40.47 and a beta of 1.11. The firm’s 50-day moving average price is $57.93 and its 200 day moving average price is $51.78. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $61.36.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.52 annualized dividend and a yield of 0.85%. Power Integrations’s dividend payout ratio (DPR) is currently 34.44%.

A number of large investors have recently made changes to their positions in the company. Mason Street Advisors LLC bought a new stake in shares of Power Integrations during the second quarter valued at about $282,000. Royal Bank of Canada increased its stake in shares of Power Integrations by 33.1% in the second quarter. Royal Bank of Canada now owns 28,427 shares of the company’s stock valued at $1,423,000 after buying an additional 7,075 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Power Integrations by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 94,279 shares of the company’s stock valued at $4,721,000 after buying an additional 6,814 shares during the period. Fiera Capital Corp bought a new stake in shares of Power Integrations during the second quarter valued at about $41,542,000. Finally, Arizona State Retirement System increased its stake in shares of Power Integrations by 2.0% in the second quarter. Arizona State Retirement System now owns 14,974 shares of the company’s stock valued at $750,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 97.78% of the company’s stock.

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

Power Integrations Company Profile

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

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