Power Integrations (NASDAQ:POWI) VP Sells $1,306,168.92 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the completion of the transaction, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. The trade was a 18.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Power Integrations Stock Up 0.2%

NASDAQ:POWI traded up $0.17 during midday trading on Thursday, hitting $87.07. The company had a trading volume of 1,773,676 shares, compared to its average volume of 1,395,775. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $88.17. The stock’s fifty day moving average price is $63.03 and its 200-day moving average price is $48.80. The company has a market capitalization of $4.85 billion, a PE ratio of 290.24, a P/E/G ratio of 3.78 and a beta of 1.54.

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

Power Integrations Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on POWI. Stifel Nicolaus upped 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.50.

Institutional Trading of Power Integrations

Institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the period. Hantz Financial Services Inc. raised its stake 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 valued at $34,000 after acquiring an additional 371 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Power Integrations during the fourth quarter valued at about $36,000. UMB Bank n.a. raised 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 last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 453 shares during the last quarter.

Power Integrations Company Profile

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.