Gagan Jain Sells 2,036 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 2,036 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the sale, the vice president directly owned 18,812 shares in the company, valued at $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $46.30 on Friday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 79.83, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $39.53 and a 1-year high of $69.53. The company’s fifty day moving average is $53.41 and its two-hundred day moving average is $53.80.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Sell-side analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 29th. Power Integrations’s dividend payout ratio is currently 144.83%.

Analyst Upgrades and Downgrades

POWI has been the topic of several recent analyst reports. Wall Street Zen cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Benchmark dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Susquehanna dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a report on Thursday, August 7th. Finally, Stifel Nicolaus increased their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently bought and sold shares of POWI. Invesco Ltd. grew its position in Power Integrations by 1,345.8% in the 1st quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company’s stock valued at $66,367,000 after buying an additional 1,223,310 shares in the last quarter. American Century Companies Inc. bought a new position in Power Integrations in the 1st quarter valued at about $36,919,000. Norges Bank bought a new position in Power Integrations in the 2nd quarter valued at about $32,897,000. Squarepoint Ops LLC grew its position in Power Integrations by 843.8% in the 2nd quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock valued at $29,065,000 after buying an additional 464,858 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in Power Integrations in the 1st quarter valued at about $14,215,000.

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.