Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 2,439 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.08, for a total value of $156,291.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Power Integrations Inc (NASDAQ:POWI) opened at $72.00 on Friday. Power Integrations Inc has a fifty-two week low of $60.55 and a fifty-two week high of $86.60. The company has a market capitalization of $2,148.09, a P/E ratio of 80.00 and a beta of 1.23.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $110.50 million. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. research analysts predict that Power Integrations Inc will post 2 earnings per share for the current fiscal year.
Power Integrations announced that its board has initiated a stock repurchase program on Thursday, February 1st that allows the company to buyback $30.00 million in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of analysts have recently commented on POWI shares. BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Susquehanna Bancshares assumed coverage on Power Integrations in a report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 target price for the company. They noted that the move was a valuation call. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $81.40.
A number of hedge funds have recently bought and sold shares of POWI. Ameritas Investment Partners Inc. lifted its holdings in Power Integrations by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after buying an additional 150 shares during the last quarter. Advisor Group Inc. lifted its holdings in Power Integrations by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after buying an additional 231 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Power Integrations by 5.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the semiconductor company’s stock worth $941,000 after buying an additional 700 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Power Integrations by 5.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 18,436 shares of the semiconductor company’s stock worth $1,356,000 after buying an additional 960 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Power Integrations by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 264,192 shares of the semiconductor company’s stock worth $19,431,000 after buying an additional 974 shares during the last quarter. 96.28% of the stock is owned by institutional investors.
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Power Integrations Company Profile
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.
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