Power Integrations (NASDAQ:POWI) VP Sunil Gupta Sells 15,894 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 15,894 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. This represents a 18.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Power Integrations Price Performance

POWI opened at $87.07 on Friday. The stock’s 50 day simple moving average is $63.03 and its 200 day simple moving average is $48.80. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $88.17. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 290.24, a PEG ratio of 3.78 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on POWI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Benchmark lifted their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Susquehanna lifted their price target on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus lifted their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.50.

Key Power Integrations News

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

• Negative Sentiment: Director Balu Balakrishnan sold 118,573 shares for about $9.69 million, reducing his stake by 22.7%. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, cutting his ownership by 21.7%. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.31 million, trimming his position by 18.2%. SEC filing
• Neutral Sentiment: Recent earnings were mixed but supportive: Power Integrations beat EPS and revenue estimates for the quarter, while revenue still grew only modestly year over year and earnings declined from last year.
• Neutral Sentiment: The company also recently announced a quarterly dividend of $0.215 per share, which may help income-focused investors but is not large enough to offset the insider-selling headline.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Snyder Capital Management L P raised its stake in shares of Power Integrations by 148.8% in the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after purchasing an additional 1,234,981 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Power Integrations by 1,885.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock valued at $33,528,000 after purchasing an additional 895,857 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Power Integrations by 3,635.7% during the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after purchasing an additional 728,517 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 35.7% during 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 purchasing an additional 595,404 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Power Integrations by 18.0% during the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the last quarter.

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.