Power Integrations Inc. (NASDAQ:POWI) shares shot up 2.7% on Monday . The company traded as high as $54.10 and last traded at $53.68, with a volume of 99,608 shares traded. The stock had previously closed at $52.26.

A number of brokerages have recently weighed in on POWI. Sidoti cut shares of Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $55.75.

The stock has a market capitalization of $1.55 billion and a PE ratio of 38.03. The company has a 50 day moving average of $51.42 and a 200-day moving average of $47.77.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, April 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. The firm earned $85.33 million during the quarter, compared to the consensus estimate of $84.43 million. Power Integrations’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. Equities analysts anticipate that Power Integrations Inc. will post $2.20 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 26th.

In other news, VP Wolfgang Ademmer sold 6,191 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $49.54, for a total value of $306,702.14. Following the completion of the sale, the vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $688,804.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 1,830 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $47.65, for a total transaction of $87,199.50. Following the completion of the sale, the chief executive officer now directly owns 208,083 shares of the company’s stock, valued at $9,915,154.95. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of POWI. California Public Employees Retirement System raised its stake in shares of Power Integrations by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 87,000 shares of the company’s stock worth $4,231,000 after buying an additional 900 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Power Integrations by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,548 shares of the company’s stock worth $2,653,000 after buying an additional 900 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Power Integrations by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 102,115 shares of the company’s stock worth $4,966,000 after buying an additional 1,800 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Power Integrations by 5.4% in the fourth quarter. Rhumbline Advisers now owns 40,661 shares of the company’s stock worth $1,977,000 after buying an additional 2,085 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Power Integrations by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 187,126 shares of the company’s stock worth $9,100,000 after buying an additional 3,970 shares in the last quarter.

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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