Power Integrations, Inc. (POWI) VP Sells $11,276.98 in Stock
Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 143 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $78.86, for a total value of $11,276.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Power Integrations, Inc. (POWI) traded up $0.60 during trading on Friday, reaching $81.70. The company’s stock had a trading volume of 43,790 shares, compared to its average volume of 150,385. The stock has a market cap of $2,450.00, a P/E ratio of 38.62 and a beta of 1.28. Power Integrations, Inc. has a twelve month low of $61.44 and a twelve month high of $86.60.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The business had revenue of $111.30 million for the quarter, compared to the consensus estimate of $111.82 million. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. research analysts predict that Power Integrations, Inc. will post 2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 annualized dividend and a yield of 0.69%. Power Integrations’s payout ratio is presently 29.17%.
Institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in Power Integrations by 15.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 142,197 shares of the semiconductor company’s stock valued at $9,350,000 after purchasing an additional 18,538 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Power Integrations by 9.4% in the second quarter. Legal & General Group Plc now owns 57,673 shares of the semiconductor company’s stock worth $4,204,000 after buying an additional 4,970 shares during the last quarter. Renaissance Group LLC boosted its stake in shares of Power Integrations by 1.1% in the second quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock worth $385,000 after buying an additional 56 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Power Integrations by 104.1% in the second quarter. Chicago Equity Partners LLC now owns 12,520 shares of the semiconductor company’s stock worth $913,000 after buying an additional 6,385 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Power Integrations in the second quarter worth about $346,000. Institutional investors and hedge funds own 97.66% of the company’s stock.
POWI has been the topic of several recent analyst reports. BidaskClub lowered Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target (up previously from $82.00) on shares of Power Integrations in a research note on Sunday, July 30th. Drexel Hamilton set a $84.00 price target on Power Integrations and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.50.
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Power Integrations Company Profile
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.
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