Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells $235,764.00 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the completion of the transaction, the director directly owned 576,256 shares in the company, valued at approximately $27,199,283.20. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Balu Balakrishnan also recently made the following trade(s):

• On Monday, February 9th, Balu Balakrishnan sold 6,368 shares of Power Integrations stock. The shares were sold at an average price of $46.53, for a total value of $296,303.04.
• On Tuesday, February 3rd, Balu Balakrishnan sold 10,080 shares of Power Integrations stock. The shares were sold at an average price of $44.75, for a total value of $451,080.00.
• On Thursday, January 29th, Balu Balakrishnan sold 5,581 shares of Power Integrations stock. The stock was sold at an average price of $46.59, for a total transaction of $260,018.79.

Power Integrations Trading Down 3.3%

POWI opened at $46.69 on Friday. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $68.20. The stock has a market capitalization of $2.59 billion, a PE ratio of 119.72, a PEG ratio of 3.66 and a beta of 1.37. The firm has a 50-day moving average price of $41.04 and a two-hundred day moving average price of $41.55.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. On average, research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.215 dividend. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 annualized dividend and a dividend yield of 1.8%. Power Integrations’s payout ratio is 215.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of POWI. Brooklyn Investment Group bought a new stake in Power Integrations in the fourth quarter valued at approximately $274,000. Federated Hermes Inc. increased its position in shares of Power Integrations by 9.9% in the 4th quarter. Federated Hermes Inc. now owns 304,549 shares of the semiconductor company’s stock valued at $10,824,000 after buying an additional 27,489 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Power Integrations by 20.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after purchasing an additional 4,520 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of Power Integrations by 36.8% during the 4th quarter. Granite Investment Partners LLC now owns 355,031 shares of the semiconductor company’s stock valued at $12,618,000 after purchasing an additional 95,458 shares in the last quarter. Finally, Snyder Capital Management L P grew its position in shares of Power Integrations by 148.8% in the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on POWI shares. Zacks Research cut Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research report on Friday, February 6th. Susquehanna raised their target price on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Power Integrations currently has an average rating of “Hold” and an average 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.