Power Integrations, Inc. (NASDAQ:POWI) CFO Sells $392,500.00 in Stock

Power Integrations, Inc. (NASDAQ:POWIGet Free Report) CFO Sandeep Nayyar sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the chief financial officer now directly owns 85,198 shares of the company’s stock, valued at approximately $6,688,043. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

  • On Monday, May 13th, Sandeep Nayyar sold 4,839 shares of Power Integrations stock. The shares were sold at an average price of $77.25, for a total value of $373,812.75.
  • On Tuesday, April 2nd, Sandeep Nayyar sold 1,946 shares of Power Integrations stock. The stock was sold at an average price of $69.04, for a total transaction of $134,351.84.

Power Integrations Stock Performance

Shares of POWI stock opened at $76.79 on Friday. The firm has a market cap of $4.36 billion, a P/E ratio of 83.47, a P/E/G ratio of 4.22 and a beta of 1.20. The firm’s 50 day moving average price is $70.13 and its 200-day moving average price is $74.63. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.04%. Power Integrations’s dividend payout ratio is currently 86.96%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a report on Monday, February 26th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Benchmark upped their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.40.

Check Out Our Latest Analysis on POWI

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently modified their holdings of POWI. Wellington Management Group LLP boosted its holdings in Power Integrations by 5.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock valued at $173,679,000 after acquiring an additional 123,988 shares during the period. Jump Financial LLC grew its holdings in shares of Power Integrations by 609.6% in the fourth quarter. Jump Financial LLC now owns 38,725 shares of the semiconductor company’s stock valued at $3,180,000 after purchasing an additional 33,268 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Power Integrations by 6.4% during the 4th quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock worth $42,809,000 after buying an additional 31,260 shares during the period. Fiera Capital Corp lifted its holdings in Power Integrations by 2.1% during the 3rd quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock worth $38,399,000 after buying an additional 10,271 shares in the last quarter. Finally, Seven Eight Capital LP boosted its position in Power Integrations by 34.7% in the 3rd quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 1,076 shares during the period.

About Power Integrations

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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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