Power Integrations, Inc. (NASDAQ:POWI) VP Sells $555,343.04 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at approximately $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Doug Bailey also recently made the following trade(s):

• On Wednesday, August 21st, Doug Bailey sold 165 shares of Power Integrations stock. The shares were sold at an average price of $67.00, for a total transaction of $11,055.00.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $60.04 on Friday. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The business’s 50 day moving average is $62.41 and its two-hundred day moving average is $67.89. The stock has a market capitalization of $3.41 billion, a P/E ratio of 90.97, a PEG ratio of 6.86 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is 121.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TD Cowen lowered their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Hedge Funds Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. grew its stake in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the 2nd quarter worth about $63,000. Truvestments Capital LLC purchased a new position in shares of Power Integrations during the third quarter worth approximately $87,000. Finally, Quest Partners LLC raised its stake in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 240 shares in the last quarter.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.