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

Power Integrations, Inc. (NASDAQ:POWI) CEO Jennifer Lloyd sold 3,322 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value 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. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Power Integrations Trading Down 0.3%

Shares of NASDAQ POWI traded down $0.13 during trading hours on Tuesday, hitting $45.66. 1,223,258 shares of the company traded hands, compared to its average volume of 943,502. The company’s 50 day moving average price is $40.60 and its 200 day moving average price is $41.46. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $68.20. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 117.08, a price-to-earnings-growth ratio of 3.51 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping 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 company had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Power Integrations’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is currently 215.38%.

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of 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 buying an additional 395 shares during the period. Geneos Wealth Management Inc. lifted its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares during the period. Parkside Financial Bank & Trust grew its holdings in Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Power Integrations during the 2nd quarter valued at about $40,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Power Integrations in the 4th quarter valued at about $48,000.

Analyst Ratings Changes

POWI has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research note on Friday. Zacks Research cut Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Finally, Susquehanna lifted their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, 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.