Power Integrations, Inc. (NASDAQ:POWI) VP David Mh Matthews sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total value of $71,220.00. Following the completion of the transaction, the vice president now directly owns 43,405 shares in the company, valued at approximately $3,091,304.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Power Integrations, Inc. (NASDAQ POWI) opened at 72.85 on Friday. Power Integrations, Inc. has a 52 week low of $56.74 and a 52 week high of $82.80. The company has a market capitalization of $2.17 billion, a PE ratio of 40.49 and a beta of 1.23. The company has a 50 day moving average price of $73.02 and a 200 day moving average price of $68.01.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The business had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. During the same period in the previous year, the business earned $0.61 EPS. Power Integrations’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Power Integrations, Inc. will post $2.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. Power Integrations’s dividend payout ratio (DPR) is currently 29.95%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/david-mh-matthews-sells-1000-shares-of-power-integrations-inc-powi-stock/1536010.html.

Several equities analysts have recently commented on POWI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $82.00 target price (up previously from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Saturday, June 24th. Sidoti upgraded Power Integrations from a “neutral” rating to a “buy” rating in a research note on Monday, May 8th. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Deutsche Bank AG cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Power Integrations currently has a consensus rating of “Buy” and a consensus target price of $78.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. Louisiana State Employees Retirement System raised its position in Power Integrations by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the semiconductor company’s stock worth $789,000 after buying an additional 300 shares during the period. State of Alaska Department of Revenue raised its position in Power Integrations by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the semiconductor company’s stock worth $213,000 after buying an additional 90 shares during the period. Nationwide Fund Advisors raised its position in Power Integrations by 4.6% in the first quarter. Nationwide Fund Advisors now owns 40,413 shares of the semiconductor company’s stock worth $2,657,000 after buying an additional 1,793 shares during the period. Strs Ohio raised its position in Power Integrations by 8.1% in the first quarter. Strs Ohio now owns 86,500 shares of the semiconductor company’s stock worth $5,687,000 after buying an additional 6,500 shares during the period. Finally, First Midwest Bank Trust Division raised its position in Power Integrations by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 7,226 shares of the semiconductor company’s stock worth $475,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 95.75% of the company’s stock.

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. 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.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.