Power Integrations (NASDAQ:POWI) VP Sells $16,254.09 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 313 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $51.93, for a total value of $16,254.09. Following the transaction, the vice president owned 25,556 shares in the company, valued at approximately $1,327,123.08. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gagan Jain also recently made the following trade(s):

• On Wednesday, February 25th, Gagan Jain sold 3,481 shares of Power Integrations stock. The stock was sold at an average price of $48.22, for a total value of $167,853.82.
• On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $7,156.06.
• On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The shares were sold at an average price of $46.50, for a total value of $46,267.50.

Power Integrations Stock Performance

Power Integrations stock opened at $53.89 on Thursday. The business’s 50-day simple moving average is $47.93 and its two-hundred day simple moving average is $42.11. The company has a market cap of $2.99 billion, a PE ratio of 138.18, a PEG ratio of 3.98 and a beta of 1.30. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $60.12.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, February 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is presently 220.51%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on POWI shares. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Benchmark boosted their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday. Susquehanna boosted their price objective on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.75.

Hedge Funds Weigh In On Power Integrations

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Power Integrations by 80.9% in the 4th quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company’s stock valued at $8,631,000 after buying an additional 108,599 shares during the period. Vident Advisory LLC lifted its holdings in shares of Power Integrations by 13.0% in the 4th quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 1,349 shares during the period. State of Tennessee Department of Treasury raised its holdings in Power Integrations by 6.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 744 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Power Integrations by 20.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after purchasing an additional 4,520 shares during the period. Finally, XTX Topco Ltd acquired a new position in Power Integrations in the 4th quarter worth about $483,000.

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.