Power Integrations Inc (NASDAQ:POWI) CEO Balu Balakrishnan sold 24,455 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $109.25, for a total transaction of $2,671,708.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, April 29th, Balu Balakrishnan sold 20,000 shares of Power Integrations stock. The shares were sold at an average price of $106.63, for a total transaction of $2,132,600.00.
  • On Thursday, April 2nd, Balu Balakrishnan sold 4,569 shares of Power Integrations stock. The stock was sold at an average price of $83.46, for a total transaction of $381,328.74.

Power Integrations stock opened at $107.25 on Friday. The stock has a market capitalization of $3.30 billion, a PE ratio of 15.89 and a beta of 1.06. Power Integrations Inc has a twelve month low of $64.95 and a twelve month high of $111.56. The company has a 50 day moving average of $96.67 and a 200-day moving average of $95.83.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. The business had revenue of $109.70 million for the quarter, compared to analyst estimates of $106.74 million. Power Integrations had a net margin of 45.82% and a return on equity of 9.81%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Power Integrations Inc will post 1.94 EPS for the current fiscal year.

The company 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 $0.21 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 28th. Power Integrations’s dividend payout ratio is 42.70%.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, May 14th. Stifel Nicolaus lifted their price target on shares of Power Integrations from $105.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Deutsche Bank lifted their price target on shares of Power Integrations from $90.00 to $93.00 and gave the company a “hold” rating in a report on Friday, May 8th. BidaskClub raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Loop Capital reiterated a “buy” rating and set a $117.00 price target on shares of Power Integrations in a research report on Monday, May 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $102.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Norges Bank acquired a new position in shares of Power Integrations in the fourth quarter valued at $41,114,000. Federated Hermes Inc. grew its stake in shares of Power Integrations by 468.2% in the first quarter. Federated Hermes Inc. now owns 284,607 shares of the semiconductor company’s stock valued at $25,140,000 after acquiring an additional 234,522 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Power Integrations by 35.2% in the first quarter. Wellington Management Group LLP now owns 841,536 shares of the semiconductor company’s stock valued at $74,333,000 after acquiring an additional 219,251 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Power Integrations by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 986,710 shares of the semiconductor company’s stock worth $87,158,000 after buying an additional 142,670 shares in the last quarter. Finally, Redwood Investments LLC grew its stake in Power Integrations by 90.5% during the fourth quarter. Redwood Investments LLC now owns 199,323 shares of the semiconductor company’s stock worth $19,715,000 after buying an additional 94,687 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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