Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 53,880 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 53,880 shares of Power Integrations stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $70.71, for a total transaction of $3,809,854.80. Following the completion of the sale, the director owned 522,376 shares of the company’s stock, valued at $36,937,206.96. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Power Integrations Price Performance

POWI traded up $13.24 on Tuesday, reaching $84.09. 3,876,227 shares of the stock were exchanged, compared to its average volume of 1,037,983. The company’s 50-day moving average price is $60.70 and its 200 day moving average price is $47.77. The firm has a market capitalization of $4.69 billion, a PE ratio of 280.31, a PEG ratio of 4.31 and a beta of 1.54. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $84.90.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Power Integrations’s dividend payout ratio is currently 286.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after purchasing an additional 409,643 shares during the last quarter. State Street Corp grew its position in Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after acquiring an additional 518,284 shares during the period. Wellington Management Group LLP grew its position in Power Integrations by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after acquiring an additional 162,691 shares during the period. Snyder Capital Management L P increased its stake in Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after acquiring an additional 1,234,981 shares during the last quarter. Finally, Morgan Stanley raised its position in Power Integrations by 1.4% in the fourth quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after purchasing an additional 20,618 shares during the period.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Monday, April 6th. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and an average target price of $64.50.

About Power Integrations

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.