Clifford Walker Sells 2,472 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Clifford Walker also recently made the following trade(s):

• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $59.68 on Friday. The company’s 50-day moving average price is $62.59 and its two-hundred day moving average price is $63.40. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $85.00. The stock has a market capitalization of $3.39 billion, a PE ratio of 90.43, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. On average, analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is 147.37%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday. Finally, Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Hedge Funds Weigh In On Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. grew its position in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations during the third quarter worth approximately $87,000. Finally, KBC Group NV lifted its holdings in Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares during the last quarter.

About Power Integrations

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 provides 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 various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.