Insider Selling: Power Integrations (NASDAQ:POWI) VP Sells 995 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 995 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $46.50, for a total value of $46,267.50. Following the completion of the transaction, the vice president owned 32,549 shares of the company’s stock, valued at $1,513,528.50. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Gagan Jain also recently made the following trade(s):

• On Monday, November 24th, Gagan Jain sold 1,033 shares of Power Integrations stock. The stock was sold at an average price of $33.80, for a total value of $34,915.40.
• On Tuesday, November 4th, Gagan Jain sold 111 shares of Power Integrations stock. The shares were sold at an average price of $40.22, for a total transaction of $4,464.42.

Power Integrations Stock Up 0.7%

Shares of POWI stock traded up $0.35 during trading hours on Thursday, hitting $47.12. 857,761 shares of the company were exchanged, compared to its average volume of 816,363. The firm has a fifty day moving average of $38.56 and a 200 day moving average of $42.05. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $68.20. The firm has a market cap of $2.61 billion, a PE ratio of 152.00, a PEG ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $118.92 million during the quarter, compared to the consensus estimate of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. Power Integrations’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. Analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, November 28th. Power Integrations’s dividend payout ratio is presently 270.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp increased its holdings in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after purchasing an additional 728,517 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after buying an additional 595,404 shares in the last quarter. Norges Bank acquired a new stake in shares of Power Integrations during the second quarter worth approximately $32,897,000. Squarepoint Ops LLC increased its stake in shares of Power Integrations by 843.8% in the second quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock worth $29,065,000 after buying an additional 464,858 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Power Integrations by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after acquiring an additional 409,643 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on POWI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna lifted their price objective 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, Benchmark increased their target price on shares of Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.