Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 500 shares of Power Integrations stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.95, for a total value of $36,475.00. Following the sale, the vice president now directly owns 53,708 shares of the company’s stock, valued at $3,917,998.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 value 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 value 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 value of $36,175.00.

NASDAQ POWI traded down $1.25 during trading on Friday, reaching $69.80. 134,883 shares of the company’s stock were exchanged, compared to its average volume of 112,990. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 30.61 and a beta of 0.90. Power Integrations Inc has a 1 year low of $60.55 and a 1 year high of $86.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). Power Integrations had a return on equity of 13.07% and a net margin of 6.76%. The firm had revenue of $109.48 million for the quarter, compared to analyst estimates of $109.33 million. During the same quarter last year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. equities analysts anticipate that Power Integrations Inc will post 2.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, August 30th. Power Integrations’s dividend payout ratio (DPR) is currently 28.07%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Power Integrations by 6.7% during the second quarter. BlackRock Inc. now owns 4,017,694 shares of the semiconductor company’s stock worth $293,492,000 after purchasing an additional 253,981 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of 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 worth $121,160,000 after purchasing an additional 271,950 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Power Integrations by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 712,828 shares of the semiconductor company’s stock worth $48,722,000 after purchasing an additional 41,200 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of Power Integrations by 2.0% during the first quarter. GW&K Investment Management LLC now owns 701,266 shares of the semiconductor company’s stock worth $47,932,000 after purchasing an additional 13,639 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Power Integrations by 4.4% during the second quarter. Voya Investment Management LLC now owns 507,225 shares of the semiconductor company’s stock worth $37,053,000 after purchasing an additional 21,172 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

POWI has been the subject of a number of recent analyst reports. BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, June 8th. TheStreet raised Power Integrations from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. Finally, Loop Capital initiated coverage on Power Integrations in a report on Thursday, June 21st. They set a “buy” rating and a $89.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.20.

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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