Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CEO Sells 9,799 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWIGet Free Report) CEO Balu Balakrishnan sold 9,799 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the transaction, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Balu Balakrishnan also recently made the following trade(s):

  • On Monday, February 12th, Balu Balakrishnan sold 5,232 shares of Power Integrations stock. The shares were sold at an average price of $81.02, for a total value of $423,896.64.
  • On Tuesday, February 6th, Balu Balakrishnan sold 5,746 shares of Power Integrations stock. The shares were sold at an average price of $73.39, for a total value of $421,698.94.

Power Integrations Stock Up 0.8 %

Shares of POWI stock opened at $69.52 on Thursday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 71.67 and a beta of 1.21. Power Integrations, Inc. has a 52 week low of $66.90 and a 52 week high of $99.60. The firm has a 50 day moving average of $73.05 and a 200-day moving average of $75.73.

Power Integrations (NASDAQ:POWIGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. Analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 82.47%.

Institutional Trading of Power Integrations

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Power Integrations by 4.5% in the 2nd quarter. BlackRock Inc. now owns 6,996,813 shares of the semiconductor company’s stock worth $662,388,000 after purchasing an additional 299,127 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company’s stock worth $527,436,000 after purchasing an additional 21,139 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Power Integrations by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after purchasing an additional 154,032 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Power Integrations by 2.8% in the 1st quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company’s stock worth $231,420,000 after purchasing an additional 67,672 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Power Integrations by 4.0% in the 1st quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company’s stock worth $200,057,000 after purchasing an additional 91,770 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on POWI. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research report on Monday, February 26th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Stifel Nicolaus increased their target price on shares of Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. TD Cowen increased their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Finally, Benchmark increased their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.17.

Read Our Latest Analysis on POWI

Power Integrations Company Profile

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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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