Power Integrations (NASDAQ:POWI) VP Gagan Jain Sells 995 Shares

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

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 stock was sold at an average price of $40.22, for a total value of $4,464.42.

Power Integrations Stock Up 0.7%

Shares of NASDAQ POWI opened at $47.12 on Friday. The stock’s 50-day simple moving average is $38.56 and its two-hundred day simple moving average is $42.05. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $68.20. The firm has a market capitalization of $2.61 billion, a P/E ratio of 152.00, a P/E/G ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The company had revenue of $118.92 million for the quarter, compared to analysts’ expectations of $118.36 million. During the same period in the prior year, the business earned $0.40 earnings per share. Power Integrations’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business 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 of this dividend was Friday, November 28th. Power Integrations’s payout ratio is currently 270.97%.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its position in Power Integrations by 475.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 395 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 326 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Power Integrations in the second quarter worth approximately $40,000. Finally, Global X Japan Co. Ltd. increased its stake in shares of Power Integrations by 98.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after buying an additional 989 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Susquehanna raised their price objective on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Finally, Benchmark boosted their target price on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and an average price target of $61.00.

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.