Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 4,995 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total transaction of $235,764.00. Following the completion of the transaction, the director owned 576,256 shares of the company’s stock, valued at $27,199,283.20. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 9th, Balu Balakrishnan sold 6,368 shares of Power Integrations stock. The shares were sold at an average price of $46.53, for a total value of $296,303.04.
• On Tuesday, February 3rd, Balu Balakrishnan sold 10,080 shares of Power Integrations stock. The stock was 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 Trading Down 0.3%

Shares of NASDAQ POWI opened at $45.66 on Wednesday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The firm’s 50-day moving average is $40.60 and its 200-day moving average is $41.46. The firm has a market capitalization of $2.53 billion, a PE ratio of 117.08, a price-to-earnings-growth ratio of 3.51 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share 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 business had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same period in the prior year, the business posted $0.30 earnings per share. Power Integrations’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared 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 an increase from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio (DPR) is currently 215.38%.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently modified their holdings of POWI. Baird Financial Group Inc. boosted its position in Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 261 shares during the last quarter. Royal Bank of Canada increased its position in shares of Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after purchasing an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Power Integrations by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after purchasing an additional 1,461 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Power Integrations by 14.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Power Integrations by 15.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after buying an additional 23,389 shares in the last quarter.

Key Headlines Impacting Power Integrations

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Power Integrations in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Zacks Research lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Finally, Susquehanna increased their price objective on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.