Gagan Jain Sells 3,481 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the sale, the vice president directly owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gagan Jain also recently made the following trade(s):

• On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The shares were sold at an average price of $45.58, for a total transaction of $7,156.06.
• On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50.

Power Integrations Stock Down 1.1%

POWI stock opened at $47.92 on Friday. The firm has a market capitalization of $2.66 billion, a PE ratio of 122.87, a P/E/G ratio of 3.64 and a beta of 1.37. The stock’s 50 day moving average is $43.29 and its 200-day moving average is $41.44. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $63.04.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, February 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is presently 215.38%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POWI. Invesco Ltd. increased its holdings in shares of Power Integrations by 80.9% in the fourth quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company’s stock worth $8,631,000 after buying an additional 108,599 shares during the period. Vident Advisory LLC lifted its holdings in Power Integrations by 13.0% in the fourth quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company’s stock worth $416,000 after buying an additional 1,349 shares during the period. State of Tennessee Department of Treasury lifted its stake in shares of Power Integrations by 6.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 744 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Power Integrations by 20.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock valued at $937,000 after buying an additional 4,520 shares during the period. Finally, XTX Topco Ltd purchased a new position in Power Integrations during the 4th quarter valued at about $483,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on POWI. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday. Susquehanna boosted their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.00.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.