Clifford Walker Sells 10,000 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Power Integrations Price Performance

Shares of POWI stock opened at $65.51 on Friday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The company’s fifty day simple moving average is $63.34 and its two-hundred day simple moving average is $67.35. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 99.26, a PEG ratio of 7.01 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts anticipate that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.28%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is currently 127.27%.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after purchasing an additional 27,488 shares during the period. Wellington Management Group LLP grew its position in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after acquiring an additional 80,761 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Power Integrations by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after acquiring an additional 63,150 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after acquiring an additional 213,392 shares during the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the topic of several research reports. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, August 12th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Company Profile

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.