Insider Selling: Power Integrations (NASDAQ:POWI) VP Sells 1,698 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,698 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $46.50, for a total value of $78,957.00. Following the completion of the transaction, the vice president directly owned 97,672 shares of the company’s stock, valued at approximately $4,541,748. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Power Integrations Trading Up 0.7%

Shares of NASDAQ POWI traded up $0.35 during mid-day trading on Thursday, reaching $47.12. 857,761 shares of the company’s stock were exchanged, compared to its average volume of 816,363. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 152.00, a PEG ratio of 5.44 and a beta of 1.36. The business has a fifty day simple moving average of $38.56 and a 200 day simple moving average of $42.05. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $68.20.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The business had revenue of $118.92 million during the quarter, compared to analyst estimates of $118.36 million. During the same period in the previous year, the firm earned $0.40 EPS. Power Integrations’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Power Integrations’s dividend payout ratio is currently 270.97%.

Wall Street Analyst Weigh In

POWI has been the subject of a number of research analyst reports. Benchmark upped their target price on shares of Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Susquehanna boosted their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.00.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA boosted its position in Power Integrations by 17.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,973 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 1,513 shares during the last quarter. UBS Group AG raised its stake in shares of Power Integrations by 149.5% during the 4th quarter. UBS Group AG now owns 276,073 shares of the semiconductor company’s stock worth $9,812,000 after purchasing an additional 165,405 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Power Integrations in the 4th quarter valued at approximately $231,000. Vanguard Group Inc. boosted its holdings in shares of Power Integrations by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after buying an additional 409,643 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Power Integrations by 3,635.7% in the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after buying an additional 728,517 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.