Balu Balakrishnan Sells 124,287 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the transaction, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, May 26th, Balu Balakrishnan sold 118,573 shares of Power Integrations stock. The shares were sold at an average price of $81.72, for a total transaction of $9,689,785.56.
• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The stock was sold at an average price of $70.71, for a total transaction of $3,809,854.80.

Power Integrations Stock Down 3.5%

Shares of NASDAQ:POWI traded down $3.07 during trading on Friday, reaching $84.00. 1,898,932 shares of the company traded hands, compared to its average volume of 1,420,976. The firm has a fifty day simple moving average of $63.79 and a 200 day simple moving average of $49.05. The firm has a market cap of $4.68 billion, a P/E ratio of 280.01, a price-to-earnings-growth ratio of 3.79 and a beta of 1.54. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $89.00.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on POWI. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Susquehanna lifted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Benchmark boosted their target price on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Stifel Nicolaus boosted their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.

Institutional Trading of Power Integrations

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares in the last quarter. Hantz Financial Services Inc. grew its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Power Integrations in the fourth quarter worth approximately $36,000. UMB Bank n.a. grew its position in Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 453 shares in the last quarter.

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.