Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 10,000 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Power Integrations Stock Performance

Power Integrations stock traded up $0.95 during midday trading on Friday, reaching $65.51. 225,950 shares of the company were exchanged, compared to its average volume of 407,779. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 98.14, a P/E/G ratio of 7.01 and a beta of 1.10. The firm’s 50-day simple moving average is $63.22 and its 200-day simple moving average is $67.43.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is currently 121.21%.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Power Integrations by 1.1% in the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after buying an additional 27,488 shares during the period. Wellington Management Group LLP grew its holdings in Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after purchasing an additional 476,986 shares during the period. Disciplined Growth Investors Inc. MN increased its position in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after purchasing an additional 80,761 shares during the last quarter. Geode Capital Management LLC raised its stake in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after purchasing an additional 63,150 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after purchasing an additional 213,392 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on POWI. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. TD Cowen decreased their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Susquehanna decreased their price objective on shares of 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.