Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) VP Gagan Jain sold 1,033 shares of Power Integrations stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $33.80, for a total value of $34,915.40. Following the completion of the sale, the vice president directly owned 17,212 shares in the company, valued at approximately $581,765.60. This represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Gagan Jain also recently made the following trade(s):
- On Tuesday, November 4th, Gagan Jain sold 111 shares of Power Integrations stock. The stock was sold at an average price of $40.22, for a total value of $4,464.42.
- On Wednesday, September 24th, Gagan Jain sold 456 shares of Power Integrations stock. The stock was sold at an average price of $41.43, for a total transaction of $18,892.08.
Power Integrations Trading Down 0.6%
Shares of NASDAQ POWI traded down $0.19 during midday trading on Friday, reaching $33.54. The company’s stock had a trading volume of 89,435 shares, compared to its average volume of 704,153. The stock has a 50 day simple moving average of $39.07 and a 200-day simple moving average of $46.96. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 2.71 and a beta of 1.42. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $68.20.
Power Integrations Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.5%. Power Integrations’s dividend payout ratio (DPR) is presently 270.97%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Foresight Group Ltd Liability Partnership bought a new stake in shares of Power Integrations during the 1st quarter worth about $11,271,000. WCM Investment Management LLC raised its holdings in Power Integrations by 5.9% in the 2nd quarter. WCM Investment Management LLC now owns 260,629 shares of the semiconductor company’s stock valued at $14,530,000 after acquiring an additional 14,441 shares during the period. Savvy Advisors Inc. acquired a new stake in Power Integrations during the first quarter worth approximately $630,000. Sei Investments Co. boosted its holdings in shares of Power Integrations by 7.1% during the first quarter. Sei Investments Co. now owns 103,425 shares of the semiconductor company’s stock worth $5,223,000 after acquiring an additional 6,827 shares during the period. Finally, AlphaQuest LLC boosted its holdings in shares of Power Integrations by 233.2% during the first quarter. AlphaQuest LLC now owns 11,617 shares of the semiconductor company’s stock worth $587,000 after acquiring an additional 8,131 shares during the period.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on POWI shares. Wall Street Zen lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Benchmark dropped their price objective on Power Integrations from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Susquehanna cut their price objective on Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a report on Thursday, August 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.
Read Our Latest Stock Analysis on POWI
About Power Integrations
Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.
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