Insider Selling: Power Integrations (POWI) Director Sells $29,600.00 in Stock

Power Integrations (NASDAQ:POWI) Director William George sold 400 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $74.00, for a total transaction of $29,600.00. Following the sale, the director now directly owns 17,191 shares in the company, valued at $1,272,134. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

William George also recently made the following trade(s):

  • On Wednesday, April 18th, William George sold 1,500 shares of Power Integrations stock. The stock was sold at an average price of $72.00, for a total transaction of $108,000.00.
  • On Monday, March 26th, William George sold 1,500 shares of Power Integrations stock. The stock was sold at an average price of $70.00, for a total transaction of $105,000.00.

Shares of NASDAQ:POWI traded up $1.85 during trading hours on Friday, reaching $75.10. The stock had a trading volume of 128,991 shares, compared to its average volume of 146,616. Power Integrations has a 1 year low of $60.55 and a 1 year high of $86.60. The company has a market cap of $2.17 billion, a PE ratio of 32.94 and a beta of 1.21.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Power Integrations had a net margin of 6.44% and a return on equity of 12.69%. The company had revenue of $103.10 million for the quarter, compared to the consensus estimate of $102.78 million. During the same period in the prior year, the firm posted $0.63 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. research analysts expect that Power Integrations will post 2.07 earnings per share for the current fiscal year.

Power Integrations announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 30th. Power Integrations’s dividend payout ratio is presently 28.07%.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Power Integrations by 2.0% in the 1st quarter. BlackRock Inc. now owns 3,763,713 shares of the semiconductor company’s stock valued at $257,251,000 after purchasing an additional 73,087 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Power Integrations by 13.9% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,386,640 shares of the semiconductor company’s stock valued at $94,777,000 after purchasing an additional 169,178 shares during the last quarter. Impax Asset Management LTD increased its position in shares of Power Integrations by 16.3% in the 4th quarter. Impax Asset Management LTD now owns 976,678 shares of the semiconductor company’s stock valued at $71,835,000 after purchasing an additional 136,891 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Power Integrations by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 712,828 shares of the semiconductor company’s stock valued at $48,722,000 after purchasing an additional 41,200 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Power Integrations by 2.0% in the 1st quarter. GW&K Investment Management LLC now owns 701,266 shares of the semiconductor company’s stock valued at $47,932,000 after purchasing an additional 13,639 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on POWI. TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a research note on Wednesday. BidaskClub raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, ValuEngine raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.40.

About Power Integrations

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply