Power Integrations (NASDAQ:POWI) CEO Sells $154,705.54 in Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Jennifer Lloyd sold 3,322 shares of Power Integrations stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $154,705.54. Following the sale, the chief executive officer owned 76,307 shares of the company’s stock, valued at approximately $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Power Integrations Trading Down 3.3%

NASDAQ:POWI opened at $46.69 on Friday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 119.72, a price-to-earnings-growth ratio of 3.66 and a beta of 1.37. The company’s 50-day moving average is $41.04 and its two-hundred day moving average is $41.55. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $68.20.

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

Power Integrations Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on POWI. Zacks Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna raised their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.00.

Institutional Trading of Power Integrations

A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in Power Integrations by 1.9% during the 2nd quarter. Bank of Montreal Can now owns 11,323 shares of the semiconductor company’s stock worth $633,000 after purchasing an additional 214 shares in the last quarter. Covestor Ltd grew its stake in Power Integrations by 13.8% during the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after buying an additional 251 shares during the period. Baird Financial Group Inc. increased its position 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 worth $255,000 after acquiring an additional 261 shares in the last quarter. Huntington National Bank increased its position in shares of Power Integrations by 27.4% in the second quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 282 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Power Integrations by 125.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 326 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.