Radu Barsan Sells 10,393 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $63.57 on Wednesday. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The company has a market cap of $3.62 billion, a P/E ratio of 111.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The firm has a 50-day simple moving average of $61.68 and a two-hundred day simple moving average of $62.69.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently added to or reduced their stakes in POWI. Wellington Management Group LLP lifted its holdings in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after purchasing an additional 476,986 shares in the last quarter. Norges Bank acquired a new position in shares of Power Integrations during the 4th quarter worth about $19,663,000. Federated Hermes Inc. raised its position in shares of Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock worth $43,870,000 after purchasing an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares in the last quarter. Finally, Snyder Capital Management L P boosted its holdings in Power Integrations by 22.3% in the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock worth $54,451,000 after buying an additional 160,784 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on POWI shares. Susquehanna cut their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.