Power Integrations (NASDAQ:POWI) Director Nicholas Brathwaite Sells 6,895 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Power Integrations Stock Up 2.2%

Shares of POWI stock traded up $1.57 during trading hours on Friday, reaching $73.24. 1,413,072 shares of the company’s stock were exchanged, compared to its average volume of 1,004,393. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $81.59. The stock has a market capitalization of $4.08 billion, a P/E ratio of 244.14, a P/E/G ratio of 4.33 and a beta of 1.54. The business has a fifty day moving average price of $57.42 and a 200-day moving average price of $46.36.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s payout ratio is 286.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on POWI shares. Stifel Nicolaus upped their price target on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.50.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. increased its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 371 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Power Integrations during the fourth quarter valued at approximately $36,000. UMB Bank n.a. increased its position in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 410 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Power Integrations during the fourth quarter valued at approximately $48,000.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.