Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan Sells 10,393 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the sale, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This represents a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Power Integrations Stock Performance

NASDAQ POWI traded up $0.13 during trading on Monday, reaching $64.89. 650,671 shares of the company’s stock were exchanged, compared to its average volume of 499,565. The company has a 50 day moving average price of $61.71 and a two-hundred day moving average price of $62.64. The stock has a market cap of $3.69 billion, a P/E ratio of 113.84, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its 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 4.48% and a net margin of 7.69%. Research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Analyst Ratings Changes

Several research firms recently commented on POWI. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Finally, Susquehanna cut their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of POWI. Smartleaf Asset Management LLC lifted its position in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the period. Quadrant Capital Group LLC grew its stake in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after buying an additional 385 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Power Integrations during the 4th quarter worth approximately $51,000.

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.