Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 1,929 Shares

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,929 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sandeep Nayyar also recently made the following trade(s):

• On Monday, February 10th, Sandeep Nayyar sold 1,877 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total value of $108,884.77.
• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total value of $312,984.00.

Power Integrations Price Performance

NASDAQ:POWI opened at $43.68 on Friday. Power Integrations, Inc. has a 1-year low of $41.19 and a 1-year high of $79.13. The company has a 50-day moving average of $58.27 and a 200 day moving average of $61.38. The firm has a market cap of $2.48 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

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

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. Power Integrations’s dividend payout ratio is presently 147.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POWI. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after buying an additional 385 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the 4th quarter worth approximately $51,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

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.