Power Integrations (NASDAQ:POWI) VP Doug Bailey Sells 16,989 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 16,989 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. This represents a 25.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Doug Bailey also recently made the following trade(s):

• On Thursday, August 14th, Doug Bailey sold 16,989 shares of Power Integrations stock. The stock was sold at an average price of $46.86, for a total value of $796,104.54.

Power Integrations Stock Down 2.0%

Shares of POWI opened at $45.60 on Thursday. The business has a 50-day simple moving average of $52.72 and a two-hundred day simple moving average of $53.51. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 78.62, a PEG ratio of 3.04 and a beta of 1.31. Power Integrations, Inc. has a 52 week low of $39.53 and a 52 week high of $69.53.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analysts’ expectations of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. Power Integrations’s dividend payout ratio is presently 144.83%.

Institutional Trading of Power Integrations

Several institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in shares of Power Integrations by 0.8% during the second quarter. State Street Corp now owns 2,663,326 shares of the semiconductor company’s stock worth $148,880,000 after purchasing an additional 21,983 shares in the last quarter. Invesco Ltd. boosted its stake in Power Integrations by 1,345.8% during the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company’s stock valued at $66,367,000 after buying an additional 1,223,310 shares during the last quarter. Northern Trust Corp boosted its stake in Power Integrations by 7.9% during the first quarter. Northern Trust Corp now owns 1,075,076 shares of the semiconductor company’s stock valued at $54,291,000 after buying an additional 79,036 shares during the last quarter. American Century Companies Inc. boosted its stake in Power Integrations by 29.1% during the second quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company’s stock valued at $52,779,000 after buying an additional 213,102 shares during the last quarter. Finally, Snyder Capital Management L P boosted its stake in Power Integrations by 22.3% during the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock valued at $54,451,000 after buying an additional 160,784 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stifel Nicolaus upped their price target on Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Susquehanna reduced their price target on Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Benchmark cut their target price on Power Integrations from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Wall Street Zen cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $61.67.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.