Power Integrations (NASDAQ:POWI) CEO Jennifer Lloyd Sells 3,322 Shares

Power Integrations, Inc. (NASDAQ:POWI) CEO Jennifer Lloyd sold 3,322 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the sale, the chief executive officer directly owned 76,307 shares of the company’s stock, valued at $3,553,616.99. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Power Integrations Stock Performance

Shares of POWI traded down $0.13 during mid-day trading on Tuesday, reaching $45.66. The stock had a trading volume of 1,223,258 shares, compared to its average volume of 943,502. The business has a fifty day moving average of $40.60 and a 200 day moving average of $41.46. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 117.08, a PEG ratio of 3.51 and a beta of 1.37. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $68.20.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. On average, research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.215 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. Power Integrations’s dividend payout ratio (DPR) is 215.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of POWI. Hantz Financial Services Inc. raised its stake in Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 395 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Power Integrations by 125.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after buying an additional 326 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Power Integrations during the 2nd quarter valued at about $40,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Power Integrations in the 4th quarter valued at about $48,000.

Analyst Ratings Changes

Several research firms have weighed in on POWI. Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research report on Friday. Finally, Weiss Ratings reiterated 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 two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.00.

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.