Clifford Walker Sells 1,131 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 stock was sold at an average price of $64.36, for a total transaction of $643,600.00.

Power Integrations Stock Up 1.2 %

Shares of Power Integrations stock opened at $59.77 on Friday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 104.86, a P/E/G ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $79.13. The firm’s 50 day moving average is $62.04 and its two-hundred day moving average is $62.93.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (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, research analysts expect that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently modified their holdings of POWI. Smartleaf Asset Management LLC grew its position in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 385 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Power Integrations during the third quarter worth $87,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday. 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. Finally, Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average target price 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.