Power Integrations (NASDAQ:POWI) VP Sells $65,244.57 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,401 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $65,244.57. Following the sale, the vice president directly owned 98,205 shares of the company’s stock, valued at approximately $4,573,406.85. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sunil Gupta also recently made the following trade(s):

• On Tuesday, February 10th, Sunil Gupta sold 1,272 shares of Power Integrations stock. The shares were sold at an average price of $45.97, for a total value of $58,473.84.
• On Tuesday, February 3rd, Sunil Gupta sold 2,168 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $98,817.44.
• On Thursday, January 29th, Sunil Gupta sold 1,698 shares of Power Integrations stock. The stock was sold at an average price of $46.50, for a total value of $78,957.00.

Power Integrations Price Performance

NASDAQ:POWI opened at $46.69 on Friday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 119.72, a price-to-earnings-growth ratio of 3.66 and a beta of 1.37. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $68.20. The firm’s fifty day moving average price is $41.04 and its 200 day moving average price is $41.55.

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

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is presently 215.38%.

Institutional Trading of Power Integrations

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Power Integrations by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after buying an additional 409,643 shares in the last quarter. State Street Corp grew its stake in Power Integrations by 0.8% in the 2nd quarter. State Street Corp now owns 2,663,326 shares of the semiconductor company’s stock valued at $148,880,000 after acquiring an additional 21,983 shares during the last quarter. Wellington Management Group LLP increased its holdings in Power Integrations by 35.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after acquiring an additional 595,404 shares in the last quarter. Snyder Capital Management L P raised its position in Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after acquiring an additional 1,234,981 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of Power Integrations by 7.2% in the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after purchasing an additional 86,123 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on POWI shares. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna boosted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a report on Friday, February 6th. Finally, Zacks Research downgraded shares of Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.00.

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.