Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 1,131 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of Power Integrations stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Clifford Walker also recently made the following trade(s):

• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total value of $150,174.00.
• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $64.36, for a total value of $643,600.00.

Power Integrations Stock Up 0.8 %

Shares of POWI opened at $58.34 on Wednesday. The stock has a market cap of $3.32 billion, a PE ratio of 102.35, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $81.50. The business has a 50-day simple moving average of $62.14 and a two-hundred day simple moving average of $62.95.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. On average, equities research analysts expect that Power Integrations, Inc. will post 0.9 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently modified their holdings of POWI. Vanguard Group Inc. raised its position in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after purchasing an additional 114,047 shares during the last quarter. State Street Corp increased its stake 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 valued at $162,886,000 after buying an additional 27,488 shares during the period. Wellington Management Group LLP raised its position in shares of 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 acquiring an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Power Integrations by 4.0% in the third 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 period. Finally, Geode Capital Management LLC lifted its stake in shares of Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after acquiring an additional 63,150 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Susquehanna reduced their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.00.

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.