Power Integrations (NASDAQ:POWI) Director Sells 118,573 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 118,573 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $81.72, for a total value of $9,689,785.56. Following the sale, the director owned 403,803 shares in the company, valued at $32,998,781.16. This represents a 22.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The shares were sold at an average price of $70.71, for a total value of $3,809,854.80.

Power Integrations Stock Up 0.2%

Shares of POWI stock traded up $0.17 during mid-day trading on Thursday, reaching $87.07. 1,773,676 shares of the stock traded hands, compared to its average volume of 1,395,775. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 290.24, a price-to-earnings-growth ratio of 3.78 and a beta of 1.54. The stock’s fifty day simple moving average is $63.03 and its two-hundred day simple moving average is $48.80. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $88.17.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $106.75 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.0%. Power Integrations’s payout ratio is presently 286.67%.

Institutional Investors Weigh In On Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in POWI. Geneos Wealth Management Inc. increased its holdings in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings 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 worth $34,000 after buying an additional 371 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Power Integrations during the 4th quarter worth approximately $36,000. UMB Bank n.a. grew its position 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 worth $38,000 after buying an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 453 shares in the last quarter.

Analysts Set New Price Targets

POWI has been the subject of several recent research reports. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Stifel Nicolaus upped their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Susquehanna upped their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.50.

About Power Integrations

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.