Power Integrations (NASDAQ:POWI) VP Sunil Gupta Sells 1,698 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,698 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $46.50, for a total transaction of $78,957.00. Following the completion of the sale, the vice president owned 97,672 shares of the company’s stock, valued at approximately $4,541,748. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Power Integrations Price Performance

POWI opened at $47.12 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 152.00, a P/E/G ratio of 5.44 and a beta of 1.36. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $68.20. The business has a 50 day simple moving average of $38.56 and a 200-day simple moving average of $42.05.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $118.92 million during the quarter, compared to the consensus estimate of $118.36 million. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, November 28th. Power Integrations’s dividend payout ratio (DPR) is currently 270.97%.

Institutional Trading of Power Integrations

Several institutional investors have recently made changes to their positions in POWI. Hantz Financial Services Inc. boosted its position in Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 395 shares during the period. Geneos Wealth Management Inc. raised its holdings in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Power Integrations by 125.9% in the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Power Integrations during the 2nd quarter valued at about $40,000. Finally, Global X Japan Co. Ltd. grew its stake in shares of Power Integrations by 98.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 989 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Susquehanna upped their price target 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. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Benchmark boosted their price target on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

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.