Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CEO Sells $488,557.36 in Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 9,544 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the sale, the chief executive officer now owns 590,580 shares of the company’s stock, valued at approximately $30,231,790.20. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, February 10th, Balu Balakrishnan sold 6,012 shares of Power Integrations stock. The shares were sold at an average price of $58.26, for a total transaction of $350,259.12.
• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $43.68 on Monday. The firm’s 50 day simple moving average is $58.27 and its two-hundred day simple moving average is $61.40. The company has a market capitalization of $2.48 billion, a P/E ratio of 76.63, a P/E/G ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 1-year low of $41.19 and a 1-year high of $79.13.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

Several research firms have weighed in on POWI. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 192 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Power Integrations in the 4th quarter valued at $51,000.

Power Integrations Company Profile

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.