Power Integrations Inc. (NASDAQ:POWI) VP Doug Bailey sold 460 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $60.00, for a total transaction of $27,600.00. Following the completion of the sale, the vice president now directly owns 26,759 shares in the company, valued at approximately $1,605,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Doug Bailey also recently made the following trade(s):

  • On Wednesday, September 14th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $57.70, for a total transaction of $28,850.00.
  • On Tuesday, August 23rd, Doug Bailey sold 192 shares of Power Integrations stock. The shares were sold at an average price of $58.42, for a total transaction of $11,216.64.
  • On Tuesday, August 9th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $55.76, for a total transaction of $27,880.00.
  • On Monday, July 11th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $51.25, for a total transaction of $25,625.00.

Power Integrations Inc. (NASDAQ:POWI) opened at 62.19 on Friday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 41.35 and a beta of 1.11. Power Integrations Inc. has a 12 month low of $39.53 and a 12 month high of $62.42. The stock’s 50 day moving average is $58.31 and its 200-day moving average is $51.93.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The business earned $97.20 million during the quarter, compared to analysts’ expectations of $91.22 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts expect that Power Integrations Inc. will post $2.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, August 29th. Power Integrations’s dividend payout ratio is presently 34.44%.

A number of research firms have weighed in on POWI. Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Deutsche Bank AG raised their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Sidoti cut shares of Power Integrations from a “buy” rating to a “neutral” rating in a report on Thursday, June 23rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Power Integrations currently has an average rating of “Buy” and an average price target of $60.40.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Power Integrations by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,206,875 shares of the company’s stock worth $110,498,000 after buying an additional 45,940 shares in the last quarter. BlackRock Fund Advisors boosted its position in Power Integrations by 0.4% in the second quarter. BlackRock Fund Advisors now owns 1,813,478 shares of the company’s stock worth $90,801,000 after buying an additional 7,583 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Power Integrations by 24.4% in the first quarter. Disciplined Growth Investors Inc. MN now owns 1,253,347 shares of the company’s stock worth $62,241,000 after buying an additional 245,750 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Power Integrations by 32.5% in the second quarter. Bank of New York Mellon Corp now owns 1,064,064 shares of the company’s stock worth $53,277,000 after buying an additional 260,844 shares in the last quarter. Finally, Apex Capital Management boosted its position in Power Integrations by 7.0% in the first quarter. Apex Capital Management now owns 885,605 shares of the company’s stock worth $43,979,000 after buying an additional 57,683 shares in the last quarter. Hedge funds and other institutional investors own 97.78% of the company’s stock.

About Power Integrations

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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