Insider Selling: Power Integrations (NASDAQ:POWI) VP Sells $167,853.82 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 3,481 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president owned 30,769 shares in the company, valued at approximately $1,483,681.18. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Gagan Jain also recently made the following trade(s):

• On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $7,156.06.
• On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The shares were sold at an average price of $46.50, for a total value of $46,267.50.

Power Integrations Price Performance

NASDAQ POWI opened at $47.92 on Monday. The stock has a market capitalization of $2.66 billion, a P/E ratio of 122.87, a P/E/G ratio of 3.64 and a beta of 1.34. The business has a 50 day simple moving average of $43.29 and a 200 day simple moving average of $41.39. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $63.04.

Power Integrations (NASDAQ:POWI) last posted its quarterly 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 firm had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. Equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $0.215 dividend. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. Power Integrations’s dividend payout ratio is 220.51%.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently added to or reduced their stakes in the stock. Snyder Capital Management L P increased its holdings in Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after purchasing an additional 1,234,981 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Power Integrations by 1,885.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock valued at $33,528,000 after buying an additional 895,857 shares during the last quarter. M&T Bank Corp grew its holdings in Power Integrations by 3,635.7% during the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after buying an additional 728,517 shares in the last quarter. Wellington Management Group LLP grew its holdings in Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after buying an additional 595,404 shares in the last quarter. Finally, Norges Bank purchased a new stake in Power Integrations in the 2nd quarter valued at $32,897,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna increased their price target on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.00.

Power Integrations Company Profile

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.