Power Integrations (NASDAQ:POWI) Director Nicholas Brathwaite Sells 6,895 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,895 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares in the company, valued at $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Power Integrations Stock Up 2.2%

NASDAQ:POWI traded up $1.57 during trading hours on Friday, reaching $73.24. The company had a trading volume of 1,413,072 shares, compared to its average volume of 1,004,393. The stock has a 50-day moving average of $57.42 and a two-hundred day moving average of $46.36. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $81.59. The firm has a market capitalization of $4.08 billion, a PE ratio of 244.14, a PEG ratio of 4.33 and a beta of 1.54.

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

Power Integrations Announces Dividend

The business 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 $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.

Institutional Trading of Power Integrations

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its holdings in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations during the fourth quarter valued at $36,000. UMB Bank n.a. lifted its stake in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 410 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Power Integrations during the fourth quarter valued at $48,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Monday, April 6th. Susquehanna increased their target price on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Power Integrations presently has an average rating of “Hold” and a consensus 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.