Power Integrations (NASDAQ:POWI) VP Sunil Gupta Sells 1,272 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,272 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.97, for a total value of $58,473.84. Following the transaction, the vice president directly owned 96,933 shares in the company, valued at approximately $4,456,010.01. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sunil Gupta also recently made the following trade(s):

• On Monday, February 9th, Sunil Gupta sold 1,401 shares of Power Integrations stock. The stock was sold at an average price of $46.57, for a total value of $65,244.57.
• On Tuesday, February 3rd, Sunil Gupta sold 2,168 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $98,817.44.
• On Thursday, January 29th, Sunil Gupta sold 1,698 shares of Power Integrations stock. The shares were sold at an average price of $46.50, for a total transaction of $78,957.00.

Power Integrations Stock Down 0.3%

Shares of POWI stock opened at $45.66 on Wednesday. The company has a 50 day moving average price of $40.60 and a 200-day moving average price of $41.46. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $68.20. The firm has a market capitalization of $2.53 billion, a PE ratio of 117.08, a P/E/G ratio of 3.51 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared 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 is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio (DPR) is 215.38%.

More Power Integrations News

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

• Positive Sentiment: Short interest fell sharply in January — down ~14.8% to ~4.38M shares (about 8.0% of float) with a short-interest ratio near 4.8 days, reducing one layer of bearish pressure on the stock.
• Positive Sentiment: Power Integrations is paying a larger dividend than last year, which can support sentiment for income-focused shareholders. Power Integrations (NASDAQ:POWI) Is Paying Out A Larger Dividend Than Last Year
• Negative Sentiment: CEO Jennifer A. Lloyd sold 3,322 shares on Feb. 9 at an average price of $46.57 (≈$154.7K), reducing her stake by ~4.17%. This sizeable insider sale can be interpreted negatively by investors. SEC Filing — CEO Sale
• Negative Sentiment: Director Balu Balakrishnan sold 4,995 shares on Feb. 10 at ~$47.20 per share (~$235.8K), trimming his position by ~0.86%. Director-level selling can further pressure sentiment. SEC Filing — Director Sale
• Negative Sentiment: VP Sunil Gupta executed two small sales (1,401 shares on Feb. 9 at $46.57 and 1,272 shares on Feb. 10 at $45.97), collectively reducing his holding by ~1.3–1.4% per sale. Multiple insider disposals in quick succession can amplify investor concern even if each sale is routine. SEC Filing — VP Sales

Analysts Set New Price Targets

POWI has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna raised their price objective on shares of 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 lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its position in shares of Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 261 shares in the last quarter. Royal Bank of Canada raised its stake in Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after acquiring an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Power Integrations by 4.5% during 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 in the last quarter. Goldman Sachs Group Inc. boosted its position 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 worth $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 stake 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 worth $8,825,000 after purchasing an additional 23,389 shares in the last quarter.

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.