Insider Selling: Sandeep Nayyar Sells 1,426 Shares of Power Integrations Stock (POWI)
Power Integrations (NASDAQ:POWI) CFO Sandeep Nayyar unloaded 1,426 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $60.73, for a total transaction of $86,600.98. Following the sale, the chief financial officer now directly owns 25,813 shares in the company, valued at approximately $1,567,623. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.40.
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 1-year low of $37.02 and a 1-year high of $62.67. The stock’s 50-day moving average is $55.9 and its 200-day moving average is $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 announced its earnings results 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 in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that Power Integrations will post $2.41 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.