Radu Barsan Sells 10,393 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Power Integrations Trading Up 0.2 %

Shares of NASDAQ:POWI traded up $0.13 during trading on Monday, hitting $64.89. 650,671 shares of the stock were exchanged, compared to its average volume of 499,565. The company has a market cap of $3.69 billion, a PE ratio of 113.84, a P/E/G ratio of 4.08 and a beta of 1.11. The company has a fifty day moving average price of $61.71 and a two-hundred day moving average price of $62.64. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 1.29%. Power Integrations’s payout ratio is 147.37%.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position 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 valued at $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Norges Bank acquired a new position in shares of Power Integrations during the 4th quarter worth approximately $19,663,000. Federated Hermes Inc. lifted its stake in Power Integrations by 40.0% in the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock valued at $43,870,000 after buying an additional 203,309 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares during the last quarter. Finally, Snyder Capital Management L P increased its position in Power Integrations by 22.3% during the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock worth $54,451,000 after buying an additional 160,784 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on POWI shares. StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Finally, Susquehanna reduced their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus 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.