Balu Balakrishnan Sells 5,581 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 5,581 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $46.59, for a total transaction of $260,018.79. Following the completion of the transaction, the director owned 585,206 shares in the company, valued at $27,264,747.54. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Power Integrations Stock Performance

Shares of NASDAQ POWI traded up $0.58 during midday trading on Monday, reaching $46.52. 787,011 shares of the stock were exchanged, compared to its average volume of 907,405. The stock has a market capitalization of $2.57 billion, a P/E ratio of 150.06, a PEG ratio of 5.34 and a beta of 1.37. The company has a 50 day simple moving average of $38.82 and a 200 day simple moving average of $41.81. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $68.20.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The company had revenue of $118.92 million during the quarter, compared to analyst estimates of $118.36 million. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, November 28th. Power Integrations’s dividend payout ratio is currently 270.97%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on POWI. Benchmark raised their price target on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna upped their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research cut Power Integrations from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.00.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently added to or reduced their stakes in POWI. Hantz Financial Services Inc. increased its stake in Power Integrations by 475.9% in the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 395 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Power Integrations by 125.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 326 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Power Integrations during the second quarter worth approximately $40,000. Finally, Global X Japan Co. Ltd. grew its position in shares of Power Integrations by 98.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 989 shares during the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.