Power Integrations (NASDAQ:POWI) VP Sunil Gupta Sells 1,401 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 1,401 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $65,244.57. Following the transaction, the vice president owned 98,205 shares of the company’s stock, valued at approximately $4,573,406.85. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 10th, Sunil Gupta sold 1,272 shares of Power Integrations stock. The shares were sold at an average price of $45.97, for a total transaction of $58,473.84.
• On Tuesday, February 3rd, Sunil Gupta sold 2,168 shares of Power Integrations stock. The stock was 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 shares were sold at an average price of $46.50, for a total transaction of $78,957.00.

Power Integrations Stock Down 0.3%

Power Integrations stock opened at $45.66 on Wednesday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $68.20. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 117.08, a PEG ratio of 3.51 and a beta of 1.37. The firm has a 50-day moving average price of $40.60 and a two-hundred day moving average price of $41.46.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company 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 company posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

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

More Power Integrations News

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on POWI shares. Zacks Research downgraded shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Susquehanna increased their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.00.

Institutional Trading of Power Integrations

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in Power Integrations by 1.9% during the 2nd quarter. Bank of Montreal Can now owns 11,323 shares of the semiconductor company’s stock worth $633,000 after buying an additional 214 shares in the last quarter. Covestor Ltd raised its stake in shares of Power Integrations by 13.8% during the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after buying an additional 251 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Power Integrations by 5.4% in the 1st 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 period. Huntington National Bank lifted its stake in Power Integrations by 27.4% in the second quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 282 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Power Integrations by 125.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 326 shares during the period.

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.