Share on StockTwits

Power Integrations (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,904 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.16, for a total transaction of $114,544.64. Following the sale, the chief financial officer now directly owns 36,426 shares of the company’s stock, valued at approximately $2,191,388. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on POWI. Analysts at Stifel Nicolaus raised their price target on shares of Power Integrations from $62.00 to $66.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Power Integrations from $48.00 to $52.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Power Integrations from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 27th. They now have a $62.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Power Integrations presently has a consensus rating of “Buy” and a consensus target price of $58.07.

Shares of Power Integrations (NASDAQ:POWI) traded down 0.45% on Wednesday, hitting $57.39. The stock had a trading volume of 361,367 shares. Power Integrations has a one year low of $37.63 and a one year high of $62.67. The stock’s 50-day moving average is $57.2 and its 200-day moving average is $54.59. The company has a market cap of $1.717 billion and a P/E ratio of 33.91.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $90.40 million for the quarter, compared to the consensus estimate of $89.23 million. During the same quarter last year, the company posted $0.47 earnings per share. Power Integrations’s revenue was up 14.2% compared to the same quarter last year. Analysts expect that Power Integrations will post $2.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.08.

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.