Power Integrations Inc. (NASDAQ:POWI) VP Ben Sutherland sold 4,848 shares of Power Integrations stock in a transaction on Friday, September 30th. The stock was sold at an average price of $62.50, for a total transaction of $303,000.00. Following the completion of the sale, the vice president now owns 24,705 shares of the company’s stock, valued at approximately $1,544,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ben Sutherland also recently made the following trade(s):
- On Friday, July 29th, Ben Sutherland sold 2,216 shares of Power Integrations stock. The stock was sold at an average price of $57.97, for a total transaction of $128,461.52.
Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 64.05 on Monday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 42.59 and a beta of 1.13. The firm’s 50-day moving average is $60.13 and its 200 day moving average is $53.03. Power Integrations Inc. has a 1-year low of $39.53 and a 1-year high of $64.36.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The firm had revenue of $97.20 million for the quarter, compared to the consensus estimate of $91.22 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. Equities analysts expect that Power Integrations Inc. will post $2.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.13 per share. The ex-dividend date was Monday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.81%. Power Integrations’s payout ratio is currently 34.44%.
POWI has been the subject of a number of research analyst reports. Sidoti lowered shares of Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG lifted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Power Integrations has an average rating of “Buy” and a consensus target price of $60.40.
A number of large investors have recently made changes to their positions in POWI. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock worth $34,954,000 after buying an additional 3,556 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Power Integrations during the second quarter worth about $175,000. BlackRock Group LTD boosted its stake in shares of Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock worth $2,094,000 after buying an additional 9,686 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock worth $106,000 after buying an additional 1,192 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Power Integrations by 4.4% in the first quarter. Prudential Financial Inc. now owns 69,369 shares of the company’s stock worth $3,445,000 after buying an additional 2,900 shares during the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.
About Power Integrations
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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