Power Integrations (NASDAQ:POWI) VP Sells $58,473.84 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,272 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total transaction of $58,473.84. Following the completion of the sale, the vice president owned 96,933 shares in the company, valued at approximately $4,456,010.01. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sunil Gupta also recently made the following trade(s):

• On Monday, February 9th, Sunil Gupta sold 1,401 shares of Power Integrations stock. The shares were sold at an average price of $46.57, for a total transaction of $65,244.57.
• On Tuesday, February 3rd, Sunil Gupta sold 2,168 shares of Power Integrations stock. The shares were sold at an average price of $45.58, for a total transaction of $98,817.44.
• On Thursday, January 29th, Sunil Gupta sold 1,698 shares of Power Integrations stock. The stock was sold at an average price of $46.50, for a total value of $78,957.00.

Power Integrations Trading Down 3.3%

NASDAQ:POWI opened at $46.69 on Friday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The stock has a 50-day moving average price of $41.04 and a two-hundred day moving average price of $41.55. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 119.72, a PEG ratio of 3.66 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last released 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 return on equity of 5.15% and a net margin of 4.98%.The business had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. During the same quarter in the previous year, the business posted $0.30 EPS. Power Integrations’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. Power Integrations’s payout ratio is presently 215.38%.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in Power Integrations during the fourth quarter worth about $274,000. Federated Hermes Inc. increased its position in shares of Power Integrations by 9.9% during the 4th quarter. Federated Hermes Inc. now owns 304,549 shares of the semiconductor company’s stock worth $10,824,000 after purchasing an additional 27,489 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Power Integrations by 20.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after purchasing an additional 4,520 shares in the last quarter. Granite Investment Partners LLC raised its stake in shares of Power Integrations by 36.8% during the 4th quarter. Granite Investment Partners LLC now owns 355,031 shares of the semiconductor company’s stock worth $12,618,000 after purchasing an additional 95,458 shares in the last quarter. Finally, Snyder Capital Management L P boosted its holdings in shares of Power Integrations by 148.8% in the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after buying an additional 1,234,981 shares during the last quarter.

Wall Street Analyst Weigh In

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