Insider Selling: Power Integrations (NASDAQ:POWI) VP Sells 1,698 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,698 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $46.50, for a total value of $78,957.00. Following the completion of the transaction, the vice president directly owned 97,672 shares in the company, valued at approximately $4,541,748. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded up $0.35 during midday trading on Thursday, reaching $47.12. The company’s stock had a trading volume of 857,761 shares, compared to its average volume of 816,363. The business’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $42.05. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $68.20. The company has a market capitalization of $2.61 billion, a P/E ratio of 152.00, a P/E/G ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $118.92 million for the quarter, compared to analyst estimates of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, November 28th. Power Integrations’s payout ratio is 270.97%.

Hedge Funds Weigh In On Power Integrations

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its position in shares of Power Integrations by 475.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 395 shares during the period. Parkside Financial Bank & Trust raised its holdings in Power Integrations by 125.9% in the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Power Integrations during the second quarter worth $40,000. Finally, Huntington National Bank grew its holdings in shares of Power Integrations by 27.4% in the 2nd quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 282 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently commented on POWI. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Finally, Benchmark boosted their price objective on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

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.