Power Integrations (NASDAQ:POWI) VP Sells $18,892.08 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 456 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $41.43, for a total transaction of $18,892.08. Following the completion of the sale, the vice president directly owned 18,356 shares in the company, valued at approximately $760,489.08. This represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 12th, Gagan Jain sold 2,036 shares of Power Integrations stock. The shares were sold at an average price of $46.05, for a total value of $93,757.80.

Power Integrations Trading Up 1.0%

Shares of Power Integrations stock opened at $40.02 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 69.00, a PEG ratio of 2.62 and a beta of 1.38. The company’s fifty day simple moving average is $46.32 and its two-hundred day simple moving average is $50.39. Power Integrations, Inc. has a 12-month low of $39.15 and a 12-month high of $69.53.

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

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 29th. Power Integrations’s dividend payout ratio (DPR) is currently 144.83%.

Wall Street Analyst Weigh In

Several research analysts recently commented on POWI shares. Wall Street Zen cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research note on Tuesday, September 23rd. Finally, Susquehanna dropped their price objective on shares of Power Integrations from $70.00 to $55.00 and set a “positive” rating on the stock in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Power Integrations has an average rating of “Buy” and a consensus price target of $61.67.

Hedge Funds Weigh In On Power Integrations

Several institutional investors have recently bought and sold shares of POWI. State Street Corp increased 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 acquiring an additional 21,983 shares during the last quarter. Invesco Ltd. increased its stake in shares of Power Integrations by 1,345.8% in 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 in the last quarter. Northern Trust Corp boosted its stake in Power Integrations by 7.9% during the 1st quarter. Northern Trust Corp now owns 1,075,076 shares of the semiconductor company’s stock worth $54,291,000 after acquiring an additional 79,036 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Power Integrations by 29.1% in the second quarter. American Century Companies Inc. now owns 944,167 shares of the semiconductor company’s stock valued at $52,779,000 after purchasing an additional 213,102 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Power Integrations by 2.6% in the second quarter. Brown Advisory Inc. now owns 836,719 shares of the semiconductor company’s stock valued at $46,773,000 after acquiring an additional 21,413 shares during the period.

Power Integrations Company Profile

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.