Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan Sells 6,012 Shares

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 6,012 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.26, for a total value of $350,259.12. Following the completion of the sale, the chief executive officer now owns 605,365 shares of the company’s stock, valued at $35,268,564.90. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The shares were sold at an average price of $60.64, for a total value of $758,424.48.

Power Integrations Trading Up 0.8 %

Shares of Power Integrations stock opened at $58.34 on Wednesday. The business has a 50-day moving average price of $62.14 and a two-hundred day moving average price of $62.95. The company has a market cap of $3.32 billion, a P/E ratio of 102.35, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $81.50.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. Equities research analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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

Institutional Trading of Power Integrations

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Power Integrations by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 536 shares in the last quarter. Inspire Investing LLC lifted its position in Power Integrations by 27.5% in the 3rd quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock valued at $460,000 after acquiring an additional 1,548 shares in the last quarter. Creative Planning lifted its position in Power Integrations by 19.5% in the 3rd quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after acquiring an additional 2,430 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Power Integrations by 5.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock valued at $24,511,000 after acquiring an additional 18,827 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new position in Power Integrations in the 3rd quarter valued at about $202,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Susquehanna decreased their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.