Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 2,472 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clifford Walker also recently made the following trade(s):

• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $64.36, for a total value of $643,600.00.

Power Integrations Price Performance

Power Integrations stock opened at $60.75 on Friday. The stock’s 50-day moving average is $62.59 and its 200-day moving average is $63.40. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 92.05, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $85.00.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Research analysts anticipate that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently modified their holdings of the stock. Edgestream Partners L.P. raised its holdings in shares of Power Integrations by 44.5% during the 4th quarter. Edgestream Partners L.P. now owns 76,366 shares of the semiconductor company’s stock valued at $4,712,000 after buying an additional 23,509 shares during the period. Raymond James Financial Inc. acquired a new stake in Power Integrations during the 4th quarter valued at approximately $7,470,000. Proficio Capital Partners LLC acquired a new stake in Power Integrations during the 4th quarter valued at approximately $2,120,000. M&T Bank Corp grew its stake in Power Integrations by 28.9% during the 4th quarter. M&T Bank Corp now owns 53,672 shares of the semiconductor company’s stock valued at $3,312,000 after purchasing an additional 12,037 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Power Integrations by 10.9% during the 4th quarter. Assetmark Inc. now owns 18,747 shares of the semiconductor company’s stock valued at $1,157,000 after purchasing an additional 1,843 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Three equities 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 stock. Based on data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and an average price target of $78.00.

About Power Integrations

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.