Power Integrations (NASDAQ:POWI) VP Sells $573,976.20 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 6,860 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the transaction, the vice president directly owned 64,379 shares of the company’s stock, valued at approximately $5,386,590.93. The trade was a 9.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sunil Gupta also recently made the following trade(s):

• On Tuesday, May 26th, Sunil Gupta sold 15,894 shares of Power Integrations stock. The shares were sold at an average price of $82.18, for a total value of $1,306,168.92.

Power Integrations Trading Up 2.4%

Shares of NASDAQ:POWI traded up $2.00 during trading on Tuesday, reaching $83.91. The company’s stock had a trading volume of 990,703 shares, compared to its average volume of 1,478,584. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $89.00. The firm’s 50 day simple moving average is $64.49 and its two-hundred day simple moving average is $49.47. The stock has a market capitalization of $4.68 billion, a PE ratio of 281.34, a price-to-earnings-growth ratio of 3.65 and a beta of 1.54.

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

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued 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 dividend yield of 1.0%. Power Integrations’s dividend payout ratio (DPR) is presently 286.67%.

Wall Street Analyst Weigh In

POWI has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Benchmark raised their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Susquehanna lifted their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POWI. Geneos Wealth Management Inc. increased its holdings in 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 in the last quarter. Hantz Financial Services Inc. boosted its position in Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Power Integrations during the fourth quarter worth about $36,000. UMB Bank n.a. boosted its position in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 410 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $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.