Power Integrations (NASDAQ:POWI) Stock Price Down 9.6% After Insider Selling

Power Integrations, Inc. (NASDAQ:POWI) shares traded down 9.6% on Monday after an insider sold shares in the company. The company traded as low as $65.54 and last traded at $66.2320. 828,126 shares traded hands during trading, a decline of 17% from the average session volume of 1,002,171 shares. The stock had previously closed at $73.24.

Specifically, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director directly owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

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

Power Integrations Stock Performance

The stock’s fifty day moving average is $57.95 and its two-hundred day moving average is $46.57. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 224.26, a PEG ratio of 4.46 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Power Integrations, Inc. will post 0.64 earnings per share for the current 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 issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Institutional Trading of Power Integrations

A number of large investors have recently modified their holdings of POWI. Geneos Wealth Management Inc. increased its holdings in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares during the period. Kestra Advisory Services LLC acquired a new position in Power Integrations during the 4th quarter valued at about $36,000. UMB Bank n.a. increased its stake in Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Power Integrations during the 4th quarter valued at about $48,000.

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.