Power Integrations, Inc. (NASDAQ:POWI) VP Sells $65,609.31 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $65,609.31. Following the transaction, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00.
• 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 transaction of $643,600.00.

Power Integrations Stock Performance

Shares of POWI stock traded up $0.48 during trading hours on Tuesday, hitting $58.34. 369,370 shares of the company were exchanged, compared to its average volume of 464,369. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 102.35, a P/E/G ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $81.50. The business’s 50-day simple moving average is $62.14 and its two-hundred day simple moving average is $62.95.

Power Integrations (NASDAQ:POWI) last released 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 4.49% and a net margin of 7.69%. As a group, analysts anticipate that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is presently 147.37%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Susquehanna decreased their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 192 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the period. MML Investors Services LLC raised its position in shares of Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Power Integrations by 5.8% during the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 255 shares during the period.

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.