Power Integrations (NASDAQ:POWI) VP Gagan Jain Sells 995 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 995 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50. Following the transaction, the vice president directly owned 32,549 shares in the company, valued at approximately $1,513,528.50. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gagan Jain also recently made the following trade(s):

• On Monday, November 24th, Gagan Jain sold 1,033 shares of Power Integrations stock. The shares were sold at an average price of $33.80, for a total transaction of $34,915.40.
• On Tuesday, November 4th, Gagan Jain sold 111 shares of Power Integrations stock. The stock was sold at an average price of $40.22, for a total transaction of $4,464.42.

Power Integrations Price Performance

Power Integrations stock traded up $0.35 during mid-day trading on Thursday, reaching $47.12. The company had a trading volume of 857,761 shares, compared to its average volume of 816,363. The stock’s 50-day simple moving average is $38.56 and its 200-day simple moving average is $42.05. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The company has a market capitalization of $2.61 billion, a P/E ratio of 152.00, a P/E/G ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The business had revenue of $118.92 million for the quarter, compared to analysts’ expectations of $118.36 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 1.8%. Power Integrations’s dividend payout ratio is 270.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on POWI. Benchmark lifted their price target on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Susquehanna lifted their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after purchasing an additional 728,517 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after buying an additional 595,404 shares during the last quarter. Norges Bank purchased a new position in shares of Power Integrations during the second quarter valued at approximately $32,897,000. Squarepoint Ops LLC boosted its position in Power Integrations by 843.8% during the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock worth $29,065,000 after acquiring an additional 464,858 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Power Integrations by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after acquiring an additional 409,643 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.