Balu Balakrishnan Sells 6,012 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 6,012 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.26, for a total value of $350,259.12. Following the transaction, the chief executive officer now owns 605,365 shares in the company, valued at $35,268,564.90. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The stock was sold at an average price of $60.64, for a total value of $758,424.48.

Power Integrations Stock Performance

NASDAQ POWI opened at $59.09 on Thursday. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The stock has a 50 day simple moving average of $62.04 and a two-hundred day simple moving average of $62.93. The stock has a market cap of $3.36 billion, a P/E ratio of 103.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data 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 4.49% and a net margin of 7.69%. Sell-side analysts predict that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is presently 147.37%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of 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 purchasing an additional 282 shares during the period. Versant Capital Management Inc lifted its stake 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 period. UMB Bank n.a. lifted its stake 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. Truvestments Capital LLC purchased a new position in shares of Power Integrations in the 3rd quarter valued at approximately $87,000. Finally, KBC Group NV lifted its stake in shares of Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 shares during the period.

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.