Power Integrations Inc (NASDAQ:POWI) CEO Sells $872,536.05 in Stock

Share on StockTwits

Power Integrations Inc (NASDAQ:POWI) CEO Balu Balakrishnan sold 9,367 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $93.15, for a total transaction of $872,536.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Power Integrations stock opened at $85.98 on Thursday. The business has a 50-day simple moving average of $82.07. Power Integrations Inc has a twelve month low of $47.35 and a twelve month high of $102.38. The company has a market cap of $2.60 billion, a P/E ratio of 40.18 and a beta of 1.29.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $100.04 million. During the same period in the previous year, the firm posted $0.74 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, analysts forecast that Power Integrations Inc will post 1.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.17 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.79%. Power Integrations’s dividend payout ratio (DPR) is presently 31.78%.

Several brokerages have commented on POWI. Northland Securities reiterated an “underperform” rating and issued a $70.00 price target on shares of Power Integrations in a research note on Monday, July 29th. Loop Capital reiterated a “hold” rating and issued a $76.00 price target on shares of Power Integrations in a research note on Tuesday, June 18th. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating and set a $105.00 target price on the stock in a report on Wednesday, July 31st. BidaskClub upgraded shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. Finally, Deutsche Bank set a $80.00 target price on shares of Power Integrations and gave the stock a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Power Integrations currently has a consensus rating of “Buy” and an average target price of $85.60.

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Power Integrations by 13.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 68,391 shares of the semiconductor company’s stock worth $4,783,000 after buying an additional 7,988 shares during the last quarter. Bank of Montreal Can grew its holdings in Power Integrations by 5.0% during the 1st quarter. Bank of Montreal Can now owns 3,739 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 179 shares during the last quarter. Amalgamated Bank bought a new position in Power Integrations during the 4th quarter valued at about $273,000. Victory Capital Management Inc. bought a new position in Power Integrations during the 1st quarter valued at about $264,000. Finally, Eqis Capital Management Inc. grew its holdings in Power Integrations by 2.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,726 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.

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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

See Also: What is the LIBOR?

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

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

TriCo Bancshares  Lifted to Hold at Zacks Investment Research
TriCo Bancshares Lifted to Hold at Zacks Investment Research
Titan Mining  PT Lowered to C$0.35
Titan Mining PT Lowered to C$0.35
Wolfe Research Upgrades Ameren  to Outperform
Wolfe Research Upgrades Ameren to Outperform
Glaukos  Stock Rating Upgraded by Zacks Investment Research
Glaukos Stock Rating Upgraded by Zacks Investment Research
TELIA Co A B/ADR  Upgraded to “Hold” by Zacks Investment Research
TELIA Co A B/ADR Upgraded to “Hold” by Zacks Investment Research
National Bank Financial Reaffirms Sector Perform Rating for Saputo
National Bank Financial Reaffirms Sector Perform Rating for Saputo


© 2006-2019 Ticker Report