Balu Balakrishnan Sells 53,880 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 53,880 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $70.71, for a total transaction of $3,809,854.80. Following the sale, the director directly owned 522,376 shares of the company’s stock, valued at $36,937,206.96. This trade represents a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Power Integrations Stock Up 3.3%

Shares of POWI opened at $86.90 on Thursday. The company has a market capitalization of $4.84 billion, a P/E ratio of 289.68, a price-to-earnings-growth ratio of 3.66 and a beta of 1.54. The firm has a 50 day moving average of $62.24 and a 200 day moving average of $48.44. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $88.17.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Power Integrations by 248.4% during the 4th quarter. State of Alaska Department of Revenue now owns 30,924 shares of the semiconductor company’s stock valued at $1,098,000 after buying an additional 22,049 shares during the period. UBS Group AG grew its position in shares of Power Integrations by 149.5% during the 4th quarter. UBS Group AG now owns 276,073 shares of the semiconductor company’s stock valued at $9,812,000 after acquiring an additional 165,405 shares during the period. Quantbot Technologies LP grew its position in shares of Power Integrations by 48,387.7% during the 3rd quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock valued at $5,245,000 after acquiring an additional 130,163 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Power Integrations during the 3rd quarter valued at $3,997,000. Finally, SG Americas Securities LLC grew its position in shares of Power Integrations by 108.7% during the 4th quarter. SG Americas Securities LLC now owns 44,351 shares of the semiconductor company’s stock valued at $1,576,000 after acquiring an additional 23,096 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on POWI. Susquehanna lifted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Stifel Nicolaus increased their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Monday, April 6th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Benchmark increased their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.50.

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.