Power Integrations (NASDAQ:POWI) Director Nicholas Brathwaite Sells 6,655 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,655 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $82.71, for a total transaction of $550,435.05. Following the completion of the transaction, the director owned 23,954 shares in the company, valued at approximately $1,981,235.34. The trade was a 21.74% 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.

Nicholas Brathwaite also recently made the following trade(s):

• On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95.

Power Integrations Stock Up 0.2%

Power Integrations stock opened at $87.07 on Friday. The firm has a 50-day moving average price of $63.03 and a two-hundred day moving average price of $48.80. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 290.24, a PEG ratio of 3.78 and a beta of 1.54. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $88.17.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. Power Integrations’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Research analysts expect that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid 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 dividend payout ratio is currently 286.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on POWI shares. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research report on Monday, April 6th. Susquehanna lifted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Stifel Nicolaus lifted their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.50.

Institutional Trading of Power Integrations

Several large investors have recently added to or reduced their stakes in the business. Cim Investment Management Inc. bought a new stake in shares of Power Integrations during the 1st quarter worth $246,000. Bank of America Corp DE boosted its holdings in shares of Power Integrations by 1.1% during the 1st quarter. Bank of America Corp DE now owns 601,468 shares of the semiconductor company’s stock worth $30,795,000 after buying an additional 6,633 shares during the period. Amundi boosted its holdings in shares of Power Integrations by 10.1% during the 1st quarter. Amundi now owns 11,485 shares of the semiconductor company’s stock worth $588,000 after buying an additional 1,050 shares during the period. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 453 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Power Integrations by 25.2% during the 1st quarter. California State Teachers Retirement System now owns 65,641 shares of the semiconductor company’s stock valued at $3,361,000 after purchasing an additional 13,215 shares during the last quarter.

Key Headlines Impacting Power Integrations

Here are the key news stories impacting Power Integrations this week:

• Negative Sentiment: Director Balu Balakrishnan sold 118,573 shares for about $9.69 million, reducing his stake by 22.7%. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, cutting his ownership by 21.7%. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.31 million, trimming his position by 18.2%. SEC filing
• Neutral Sentiment: Recent earnings were mixed but supportive: Power Integrations beat EPS and revenue estimates for the quarter, while revenue still grew only modestly year over year and earnings declined from last year.
• Neutral Sentiment: The company also recently announced a quarterly dividend of $0.215 per share, which may help income-focused investors but is not large enough to offset the insider-selling headline.

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.