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

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 6,012 shares of Power Integrations 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 1.3 %

Power Integrations stock opened at $59.09 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 103.67, a PEG ratio of 3.96 and a beta of 1.11. The stock has a fifty day simple moving average of $62.04 and a two-hundred day simple moving average of $62.93. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $79.13.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data 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 return on equity of 4.49% and a net margin of 7.69%. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

Several large investors have recently modified their holdings of POWI. Wellington Management Group LLP grew its holdings in shares of 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 worth $150,062,000 after acquiring an additional 476,986 shares during the period. Norges Bank bought a new stake in shares of Power Integrations in the fourth quarter worth $19,663,000. Copeland Capital Management LLC grew its holdings in shares of Power Integrations by 21.5% in the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after acquiring an additional 213,392 shares during the period. JPMorgan Chase & Co. grew its holdings in Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after purchasing an additional 178,896 shares during the period. Finally, M&G PLC bought a new stake in Power Integrations during the third quarter valued at about $9,820,000.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent research reports. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday. Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.