Power Integrations (POWI) Insider Balu Balakrishnan Sells 4,829 Shares

Power Integrations (NASDAQ:POWI) insider Balu Balakrishnan sold 4,829 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $65.86, for a total value of $318,037.94. Following the transaction, the insider now owns 293,009 shares in the company, valued at $19,297,572.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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  • On Thursday, February 15th, Balu Balakrishnan sold 17,186 shares of Power Integrations stock. The shares were sold at an average price of $63.02, for a total value of $1,083,061.72.
  • On Monday, February 5th, Balu Balakrishnan sold 5,958 shares of Power Integrations stock. The shares were sold at an average price of $67.48, for a total value of $402,045.84.
  • On Monday, January 29th, Balu Balakrishnan sold 9,488 shares of Power Integrations stock. The shares were sold at an average price of $77.36, for a total value of $733,991.68.

POWI opened at $67.40 on Friday. Power Integrations has a 1 year low of $60.55 and a 1 year high of $86.60. The company has a market cap of $2,027.26, a P/E ratio of 29.56 and a beta of 1.19.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The business had revenue of $108.20 million for the quarter, compared to analyst estimates of $110.50 million. During the same period last year, the company earned $0.67 EPS. Power Integrations’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts predict that Power Integrations will post 2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.95%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 27th. Power Integrations’s dividend payout ratio (DPR) is presently 28.07%.

Power Integrations announced that its Board of Directors has authorized a share buyback program on Thursday, February 1st that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Tuesday, December 19th. Susquehanna Bancshares initiated coverage on Power Integrations in a research report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. BidaskClub upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Sidoti lowered Power Integrations from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, ValuEngine upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.40.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Power Integrations by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 166,367 shares of the semiconductor company’s stock worth $12,179,000 after buying an additional 9,513 shares during the last quarter. Swiss National Bank grew its position in shares of Power Integrations by 2.6% in the 4th quarter. Swiss National Bank now owns 50,700 shares of the semiconductor company’s stock worth $3,729,000 after buying an additional 1,300 shares during the last quarter. BlackRock Inc. grew its position in shares of Power Integrations by 4.1% in the 4th quarter. BlackRock Inc. now owns 3,690,626 shares of the semiconductor company’s stock worth $271,447,000 after buying an additional 146,319 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Power Integrations by 6.9% in the 3rd quarter. California Public Employees Retirement System now owns 81,554 shares of the semiconductor company’s stock worth $5,970,000 after buying an additional 5,254 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Power Integrations in the 4th quarter worth approximately $4,560,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

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About Power Integrations

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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