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

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 15,894 shares of Power Integrations stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the sale, the vice president owned 71,239 shares in the company, valued at $5,854,421.02. The trade was a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $84.00 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The stock’s 50-day simple moving average is $63.79 and its 200 day simple moving average is $49.05. The stock has a market capitalization of $4.68 billion, a P/E ratio of 280.01, a P/E/G ratio of 3.79 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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

Wall Street Analyst Weigh In

POWI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Benchmark boosted their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a report on Monday, April 6th. Stifel Nicolaus lifted their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.50.

Key Stories Impacting Power Integrations

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

• Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
• Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
• Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after purchasing an additional 409,643 shares in the last quarter. State Street Corp boosted its stake in Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after buying an additional 518,284 shares in the last quarter. Wellington Management Group LLP boosted its stake in Power Integrations by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after buying an additional 162,691 shares in the last quarter. Snyder Capital Management L P boosted its stake in 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 buying an additional 1,234,981 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Power Integrations by 1.4% in the fourth quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock worth $52,583,000 after buying an additional 20,618 shares in the last quarter.

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.