Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 500 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $72.95, for a total transaction of $36,475.00. Following the sale, the vice president now directly owns 53,708 shares in the company, valued at $3,917,998.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, August 6th, Doug Bailey sold 165 shares of Power Integrations stock. The stock was sold at an average price of $71.79, for a total transaction of $11,845.35.
  • On Wednesday, August 1st, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $71.35, for a total transaction of $35,675.00.
  • On Monday, July 2nd, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $72.35, for a total transaction of $36,175.00.

POWI traded down $0.50 during midday trading on Friday, hitting $70.55. 2,028 shares of the company traded hands, compared to its average volume of 112,352. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 31.16 and a beta of 0.90. Power Integrations Inc has a 52-week low of $60.55 and a 52-week high of $86.60.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The company had revenue of $109.48 million for the quarter, compared to analysts’ expectations of $109.33 million. Power Integrations had a net margin of 6.76% and a return on equity of 13.07%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. sell-side analysts expect that Power Integrations Inc will post 2.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, August 30th. Power Integrations’s payout ratio is 28.07%.

POWI has been the topic of a number of recent analyst reports. TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. BidaskClub raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. ValuEngine downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Loop Capital initiated coverage on shares of Power Integrations in a report on Thursday, June 21st. They set a “buy” rating and a $89.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $84.20.

A number of institutional investors and hedge funds have recently bought and sold shares of POWI. Disciplined Growth Investors Inc. MN lifted its holdings in Power Integrations by 19.6% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,658,590 shares of the semiconductor company’s stock valued at $121,160,000 after purchasing an additional 271,950 shares in the last quarter. BlackRock Inc. lifted its holdings in Power Integrations by 6.7% during the second quarter. BlackRock Inc. now owns 4,017,694 shares of the semiconductor company’s stock valued at $293,492,000 after purchasing an additional 253,981 shares in the last quarter. Robecosam AG lifted its holdings in Power Integrations by 94.7% during the first quarter. Robecosam AG now owns 370,000 shares of the semiconductor company’s stock valued at $25,290,000 after purchasing an additional 180,000 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Power Integrations by 213.7% during the first quarter. Handelsbanken Fonder AB now owns 194,476 shares of the semiconductor company’s stock valued at $13,292,000 after purchasing an additional 132,476 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its holdings in Power Integrations by 114.5% during the second quarter. Granahan Investment Management Inc. MA now owns 207,088 shares of the semiconductor company’s stock valued at $15,128,000 after purchasing an additional 110,545 shares in the last quarter. 98.13% of the stock is currently owned by institutional investors and hedge funds.

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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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