Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) VP Sells $65,609.31 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the sale, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. The trade was a 0.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00.
• 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 Trading Up 1.2 %

Shares of POWI opened at $59.77 on Friday. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $79.13. The firm has a 50-day moving average price of $62.04 and a 200 day moving average price of $62.93. The firm has a market capitalization of $3.40 billion, a P/E ratio of 104.86, a P/E/G ratio of 3.96 and a beta of 1.11.

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

Power Integrations Announces Dividend

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

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc lifted its position in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. lifted its position in 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 buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 385 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Power Integrations in the third quarter valued at about $87,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on POWI. Benchmark reaffirmed a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Susquehanna dropped their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.