Balu Balakrishnan Sells 12,507 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $59.68 on Friday. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $85.00. The firm has a market capitalization of $3.39 billion, a P/E ratio of 90.43, a P/E/G ratio of 4.06 and a beta of 1.11. The company’s fifty day moving average price is $62.59 and its 200 day moving average price is $63.40.

Power Integrations (NASDAQ:POWI) last posted its earnings results 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%. On average, sell-side analysts anticipate that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. Power Integrations’s payout ratio is 147.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.00.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently bought and sold shares of POWI. Van ECK Associates Corp increased its stake in Power Integrations by 55.6% in the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock valued at $2,138,000 after purchasing an additional 12,297 shares during the period. GSA Capital Partners LLP increased its position in Power Integrations by 97.5% in the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock valued at $1,669,000 after acquiring an additional 12,847 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Power Integrations by 214.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after acquiring an additional 28,548 shares during the last quarter. UMB Bank n.a. raised its stake in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Power Integrations by 89.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after acquiring an additional 27,016 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.