Insider Selling: Power Integrations VP Unloads 1,237 Shares of Stock (POWI)
Power Integrations (NASDAQ:POWI) VP Clifford Walker sold 1,237 shares of the company’s stock on the open market in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $60.73, for a total value of $75,123.01. Following the sale, the vice president now directly owns 41,672 shares of the company’s stock, valued at approximately $2,530,741. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Power Integrations (NASDAQ:POWI) traded down 2.66% during mid-day trading on Friday, hitting $60.07. 270,340 shares of the company’s stock traded hands. Power Integrations has a one year low of $37.02 and a one year high of $62.67. The stock has a 50-day moving average of $55.9 and a 200-day moving average of $53.92. The company has a market cap of $1.798 billion and a price-to-earnings ratio of 36.30.
Power Integrations (NASDAQ:POWI) last released its earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $91.72 million for the quarter, compared to the consensus estimate of $91.77 million. During the same quarter last year, the company posted $0.49 earnings per share. Power Integrations’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Power Integrations will post $2.41 earnings per share for the current fiscal year.
POWI has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $66.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of Power Integrations from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Power Integrations from $58.00 to $62.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Power Integrations has an average rating of “Buy” and an average price target of $56.40.
Power Integrations, Inc, (NASDAQ:POWI) designs, develops, manufactures and markets high-voltage, analog and mixed-signal integrated-circuit (IC) products and high-voltage silicon diodes.
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