Power Integrations VP Unloads $837,000 in Stock (POWI)
Power Integrations (NASDAQ:POWI) VP John Tomlin sold 13,672 shares of Power Integrations stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $61.22, for a total transaction of $836,999.84. Following the transaction, the vice president now directly owns 24,455 shares in the company, valued at approximately $1,497,135. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Power Integrations (NASDAQ:POWI) traded down 1.53% during mid-day trading on Friday, hitting $60.48. The stock had a trading volume of 155,216 shares. Power Integrations has a 52 week low of $37.63 and a 52 week high of $62.67. The stock has a 50-day moving average of $58.16 and a 200-day moving average of $54.90. The company has a market cap of $1.813 billion and a P/E ratio of 32.67.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts expect that Power Integrations will post $2.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Power Integrations’s previous quarterly dividend of $0.08.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Power Integrations from $62.00 to $66.00 in a research note on Tuesday, February 4th. 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 on Tuesday, February 4th. 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 on Monday, January 27th. They now have a $62.50 price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.07.
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.