Power Integrations, Inc. (NASDAQ:POWI) CFO Sells $98,166.81 in Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $98,166.81. Following the sale, the chief financial officer now owns 107,357 shares of the company’s stock, valued at approximately $5,463,397.73. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sandeep Nayyar also recently made the following trade(s):

• On Monday, February 10th, Sandeep Nayyar sold 1,877 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77.
• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total value of $312,984.00.

Power Integrations Stock Down 2.7 %

NASDAQ POWI opened at $43.68 on Monday. Power Integrations, Inc. has a 52 week low of $41.19 and a 52 week high of $79.13. The business has a 50 day moving average price of $58.27 and a 200-day moving average price of $61.40. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.92%. Power Integrations’s payout ratio is 147.37%.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently modified their holdings of POWI. Smartleaf Asset Management LLC raised its position in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Power Integrations by 1,618.2% in the fourth 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. lifted its position in shares of Power Integrations by 43.9% during the fourth 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 in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Power Integrations during the fourth quarter worth about $51,000.

Wall Street Analyst Weigh In

POWI has been the subject of several recent analyst reports. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Three investment 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 company. According to data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target 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.