Power Integrations, Inc. (NASDAQ:POWI) Insider David Mh Matthews Sells 1,153 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWIGet Free Report) insider David Mh Matthews sold 1,153 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $79,603.12. Following the transaction, the insider now owns 68,229 shares of the company’s stock, valued at $4,710,530.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

David Mh Matthews also recently made the following trade(s):

  • On Monday, February 12th, David Mh Matthews sold 851 shares of Power Integrations stock. The shares were sold at an average price of $80.06, for a total transaction of $68,131.06.
  • On Tuesday, February 6th, David Mh Matthews sold 1,095 shares of Power Integrations stock. The shares were sold at an average price of $73.96, for a total transaction of $80,986.20.

Power Integrations Stock Performance

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

Power Integrations (NASDAQ:POWIGet Free Report) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The business had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.20 dividend. 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 payout ratio is 82.47%.

Institutional Investors Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Power Integrations in the 4th quarter worth about $26,000. Belpointe Asset Management LLC grew its holdings in shares of Power Integrations by 59.8% in the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Power Integrations during the 3rd quarter worth about $65,000. Finally, KBC Group NV bought a new stake in Power Integrations during the 4th quarter worth about $71,000.

Analyst Ratings Changes

POWI has been the subject of several research analyst reports. Northland Securities upgraded 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 note on Monday, February 26th. TD Cowen upped 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 note on Friday, February 9th. Susquehanna increased their price objective on shares of Power Integrations from $80.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, December 18th. Stifel Nicolaus increased their price objective on shares of Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Benchmark increased their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.17.

Check Out Our Latest Stock 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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Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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