Power Integrations, Inc. (NASDAQ:POWI) CFO Sells $98,166.81 in Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,929 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares in the company, valued at $5,463,397.73. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Sandeep Nayyar also recently made the following trade(s):

• On Monday, February 10th, Sandeep Nayyar sold 1,877 shares of Power Integrations stock. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77.
• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00.

Power Integrations Stock Down 2.7 %

POWI opened at $43.68 on Monday. The business’s fifty day simple moving average is $58.27 and its 200 day simple moving average is $61.40. Power Integrations, Inc. has a 52 week low of $41.19 and a 52 week high of $79.13. The stock has a market cap of $2.48 billion, a PE ratio of 76.63, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. As a group, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Power Integrations in the 4th quarter valued at about $288,000. UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the 4th 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. Charles Schwab Investment Management Inc. lifted its position in Power Integrations by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company’s stock valued at $40,412,000 after purchasing an additional 33,741 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock valued at $3,665,000 after purchasing an additional 27,016 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Power Integrations in the fourth quarter worth approximately $227,000.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. 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. According to MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average 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.