Power Integrations (NASDAQ:POWI) Director Sells $149,679.36 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 1,728 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director directly owned 22,226 shares of the company’s stock, valued at $1,925,216.12. This represents a 7.21% 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.

Nicholas Brathwaite also recently made the following trade(s):

• On Tuesday, May 26th, Nicholas Brathwaite sold 6,655 shares of Power Integrations stock. The stock was sold at an average price of $82.71, for a total value of $550,435.05.
• On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The stock was sold at an average price of $72.41, for a total value of $499,266.95.

Power Integrations Trading Down 3.5%

Shares of POWI stock traded down $3.07 on Friday, hitting $84.00. 1,898,932 shares of the stock were exchanged, compared to its average volume of 1,420,976. The firm has a market capitalization of $4.68 billion, a P/E ratio of 280.01, a price-to-earnings-growth ratio of 3.79 and a beta of 1.54. The business has a 50-day moving average of $63.79 and a 200 day moving average of $49.05. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $89.00.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. As a group, research analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Analyst Ratings Changes

POWI has been the subject of several recent research reports. Susquehanna increased their price target on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Stifel Nicolaus increased their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.50.

Institutional Trading of Power Integrations

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its position in shares of Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Power Integrations in the fourth quarter valued at approximately $36,000. UMB Bank n.a. lifted its holdings in Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 453 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.