Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 5,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the insider now directly owns 210,730 shares in the company, valued at approximately $11,590,150. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Balu Balakrishnan also recently made the following trade(s):
- On Wednesday, July 20th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00.
A hedge fund recently raised its stake in Power Integrations stock. California State Teachers Retirement System increased its position in Power Integrations Inc. (NASDAQ:POWI) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,548 shares of the company’s stock after buying an additional 900 shares during the period. California State Teachers Retirement System owned about 0.19% of Power Integrations worth $2,653,000 as of its most recent SEC filing.
Shares of Power Integrations Inc. (NASDAQ:POWI) traded up 2.07% during midday trading on Tuesday, hitting $55.82. 122,205 shares of the stock traded hands. Power Integrations Inc. has a 1-year low of $36.04 and a 1-year high of $55.90. The company has a market capitalization of $1.61 billion and a P/E ratio of 39.50. The stock has a 50 day moving average of $52.07 and a 200 day moving average of $48.04.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The company earned $85.33 million during the quarter, compared to analyst estimates of $84.43 million. During the same period in the prior year, the firm earned $0.43 earnings per share. Power Integrations’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Power Integrations Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, May 26th.
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
