Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) VP Sells 1,507 Shares of Stock


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Power Integrations, Inc. (NASDAQ:POWI) VP Ben Sutherland sold 1,507 shares of the business’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $84.63, for a total value of $127,537.41. Following the sale, the vice president now directly owns 45,236 shares in the company, valued at $3,828,322.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

POWI opened at $81.36 on Thursday. The company has a market cap of $4.91 billion, a PE ratio of 24.18 and a beta of 0.98. The stock has a 50-day moving average of $85.15 and a 200-day moving average of $76.41. Power Integrations, Inc. has a 52-week low of $43.46 and a 52-week high of $99.05.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Tuesday, February 2nd. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. The company had revenue of $150.69 million during the quarter, compared to the consensus estimate of $129.88 million. Power Integrations had a return on equity of 8.34% and a net margin of 44.72%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. On average, research analysts predict that Power Integrations, Inc. will post 1.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 25th. This is an increase from Power Integrations’s previous quarterly dividend of $0.11. Power Integrations’s dividend payout ratio is 58.43%.

A number of large investors have recently made changes to their positions in POWI. Amundi Pioneer Asset Management Inc. boosted its stake in Power Integrations by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 55,436 shares of the semiconductor company’s stock valued at $3,878,000 after purchasing an additional 4,442 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Power Integrations during the 3rd quarter valued at approximately $233,000. Guggenheim Capital LLC boosted its stake in Power Integrations by 35.5% during the 3rd quarter. Guggenheim Capital LLC now owns 9,393 shares of the semiconductor company’s stock valued at $520,000 after purchasing an additional 2,461 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Power Integrations by 98.4% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 56,877 shares of the semiconductor company’s stock valued at $3,151,000 after purchasing an additional 28,211 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Power Integrations by 149.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,060 shares of the semiconductor company’s stock valued at $31,803,000 after purchasing an additional 343,624 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

A number of equities research analysts have recently issued reports on POWI shares. Northland Securities boosted their target price on Power Integrations from $65.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 3rd. Loop Capital upped their price target on Power Integrations from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Zacks Investment Research lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft upped their price target on Power Integrations from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, December 17th. Finally, Cowen upped their price target on Power Integrations from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $89.00.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and other consumer and industrial applications.

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Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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