Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells 6,368 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 6,368 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $46.53, for a total value of $296,303.04. Following the sale, the director owned 581,251 shares of the company’s stock, valued at approximately $27,045,609.03. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 10th, Balu Balakrishnan sold 4,995 shares of Power Integrations stock. The stock was sold at an average price of $47.20, for a total value of $235,764.00.
• On Tuesday, February 3rd, Balu Balakrishnan sold 10,080 shares of Power Integrations stock. The shares were sold at an average price of $44.75, for a total value of $451,080.00.
• On Thursday, January 29th, Balu Balakrishnan sold 5,581 shares of Power Integrations stock. The shares were sold at an average price of $46.59, for a total transaction of $260,018.79.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded down $0.13 during trading on Tuesday, hitting $45.66. The company’s stock had a trading volume of 1,223,258 shares, compared to its average volume of 943,502. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 117.08, a P/E/G ratio of 3.51 and a beta of 1.37. The company has a 50-day moving average of $40.60 and a 200-day moving average of $41.46. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $68.20.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.215 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 27th. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio (DPR) is currently 215.38%.

More Power Integrations News

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Short interest fell sharply in January — down ~14.8% to ~4.38M shares (about 8.0% of float) with a short-interest ratio near 4.8 days, reducing one layer of bearish pressure on the stock.
• Positive Sentiment: Power Integrations is paying a larger dividend than last year, which can support sentiment for income-focused shareholders. Power Integrations (NASDAQ:POWI) Is Paying Out A Larger Dividend Than Last Year
• Negative Sentiment: CEO Jennifer A. Lloyd sold 3,322 shares on Feb. 9 at an average price of $46.57 (≈$154.7K), reducing her stake by ~4.17%. This sizeable insider sale can be interpreted negatively by investors. SEC Filing — CEO Sale
• Negative Sentiment: Director Balu Balakrishnan sold 4,995 shares on Feb. 10 at ~$47.20 per share (~$235.8K), trimming his position by ~0.86%. Director-level selling can further pressure sentiment. SEC Filing — Director Sale
• Negative Sentiment: VP Sunil Gupta executed two small sales (1,401 shares on Feb. 9 at $46.57 and 1,272 shares on Feb. 10 at $45.97), collectively reducing his holding by ~1.3–1.4% per sale. Multiple insider disposals in quick succession can amplify investor concern even if each sale is routine. SEC Filing — VP Sales

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its stake in shares of Power Integrations by 5.9% in the 2nd quarter. WCM Investment Management LLC now owns 260,629 shares of the semiconductor company’s stock worth $14,530,000 after buying an additional 14,441 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Power Integrations during the 3rd quarter valued at about $3,997,000. Copeland Capital Management LLC lifted its holdings in shares of Power Integrations by 7.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after acquiring an additional 86,123 shares during the last quarter. ASR Vermogensbeheer N.V. grew its position in Power Integrations by 8.2% in the third quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock worth $12,366,000 after acquiring an additional 23,354 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Power Integrations by 173.6% in the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after acquiring an additional 268,875 shares in the last quarter.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of analyst reports. Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Power Integrations in a report on Friday. Finally, Zacks Research lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.00.

About Power Integrations

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.