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

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

Power Integrations Stock Performance

NASDAQ:POWI opened at $65.51 on Friday. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The firm has a market cap of $3.73 billion, a PE ratio of 99.26, a price-to-earnings-growth ratio of 7.01 and a beta of 1.10. The business has a 50 day moving average price of $63.34 and a 200-day moving average price of $67.35.

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

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is currently 127.27%.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 150 shares during the period. Mather Group LLC. raised its holdings in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the 2nd quarter worth $63,000. Quest Partners LLC lifted its position in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at about $87,000.

Analysts Set New Price Targets

POWI has been the topic of several recent research reports. TD Cowen reduced their price objective 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. Susquehanna reduced their price target 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. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. Finally, Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Power Integrations currently has an average 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.