Power Integrations, Inc. (NASDAQ:POWI) VP Sells $686,769.44 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares in the company, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Power Integrations Trading Up 1.2 %

NASDAQ POWI opened at $64.35 on Thursday. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $79.13. The company has a fifty day simple moving average of $61.72 and a two-hundred day simple moving average of $62.70. The stock has a market cap of $3.66 billion, a P/E ratio of 112.90, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.31%. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on POWI. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after acquiring an additional 114,047 shares during the period. State Street Corp raised its holdings in shares of Power Integrations by 1.1% during the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after purchasing an additional 27,488 shares during the last quarter. Wellington Management Group LLP lifted its position in Power Integrations by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after purchasing an additional 105,034 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after purchasing an additional 178,896 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.