Power Integrations (NASDAQ:POWI) VP Sunil Gupta Sells 6,860 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 6,860 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the completion of the sale, the vice president directly owned 64,379 shares of the company’s stock, valued at $5,386,590.93. The trade was a 9.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sunil Gupta also recently made the following trade(s):

• On Tuesday, May 26th, Sunil Gupta sold 15,894 shares of Power Integrations stock. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92.

Power Integrations Stock Performance

Shares of POWI stock opened at $84.19 on Wednesday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The company has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $49.47. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 280.64, a PEG ratio of 3.56 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is currently 286.67%.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of research reports. Benchmark increased their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Susquehanna increased their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Stifel Nicolaus increased their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Monday, April 6th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Power Integrations presently has an average rating of “Hold” and a consensus target price of $64.50.

Institutional Trading of Power Integrations

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 453 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 371 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at approximately $36,000. Finally, UMB Bank n.a. lifted its stake in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares in the last quarter.

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.