Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CFO Sells 1,877 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,877 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now owns 112,653 shares in the company, valued at approximately $6,535,000.53. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00.

Power Integrations Price Performance

Power Integrations stock traded up $0.48 during mid-day trading on Tuesday, reaching $58.34. 369,370 shares of the stock traded hands, compared to its average volume of 464,369. The stock has a market capitalization of $3.32 billion, a PE ratio of 102.35, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The business’s 50-day moving average is $62.14 and its 200-day moving average is $62.95. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $81.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Equities analysts anticipate that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Institutional Investors Weigh In On Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. raised its stake 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 worth $39,000 after buying an additional 192 shares during the period. First Horizon Advisors Inc. increased its holdings in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 205 shares in the last quarter. MML Investors Services LLC increased its holdings in Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 207 shares in the last quarter. Pacer Advisors Inc. raised its stake in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 230 shares during the period. Finally, Stephens Inc. AR lifted its holdings in Power Integrations by 5.8% during the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 255 shares in the last quarter.

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 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.