Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells $3,809,854.80 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 53,880 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $70.71, for a total value of $3,809,854.80. Following the sale, the director owned 522,376 shares of the company’s stock, valued at approximately $36,937,206.96. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 26th, Balu Balakrishnan sold 118,573 shares of Power Integrations stock. The stock was sold at an average price of $81.72, for a total value of $9,689,785.56.

Power Integrations Stock Up 0.2%

POWI stock opened at $87.07 on Friday. The business has a 50 day moving average price of $63.03 and a 200 day moving average price of $48.80. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 290.24, a PEG ratio of 3.78 and a beta of 1.54. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $88.17.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Power Integrations’s payout ratio is currently 286.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research note on Monday, April 6th. Stifel Nicolaus boosted their price objective on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Hold” and a consensus target price of $64.50.

Key Headlines Impacting Power Integrations

Here are the key news stories impacting Power Integrations this week:

• Negative Sentiment: Director Balu Balakrishnan sold 118,573 shares for about $9.69 million, reducing his stake by 22.7%. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, cutting his ownership by 21.7%. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.31 million, trimming his position by 18.2%. SEC filing
• Neutral Sentiment: Recent earnings were mixed but supportive: Power Integrations beat EPS and revenue estimates for the quarter, while revenue still grew only modestly year over year and earnings declined from last year.
• Neutral Sentiment: The company also recently announced a quarterly dividend of $0.215 per share, which may help income-focused investors but is not large enough to offset the insider-selling headline.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of POWI. Baird Financial Group Inc. increased its holdings in shares of Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 261 shares during the period. Royal Bank of Canada increased its holdings in shares of Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 1,461 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Power Integrations by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after purchasing an additional 74,107 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Power Integrations by 15.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after purchasing an additional 23,389 shares during the period.

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.