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Power Integrations (NASDAQ:POWI) VP Doug Bailey sold 2,900 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $59.25, for a total value of $171,825.00. Following the transaction, the vice president now directly owns 20,619 shares of the company’s stock, valued at approximately $1,221,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

POWI has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Power Integrations in a research note on Friday, June 6th. They now have a $59.00 price target on the stock, up previously from $55.00. Separately, analysts at Zacks downgraded shares of Power Integrations from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $47.40 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.57.

Power Integrations (NASDAQ:POWI) traded up 2.92% on Tuesday, hitting $59.54. The stock had a trading volume of 302,848 shares. Power Integrations has a 1-year low of $38.07 and a 1-year high of $68.87. The stock has a 50-day moving average of $51. and a 200-day moving average of $57.59. The company has a market cap of $1.811 billion and a P/E ratio of 30.35.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.03. The company had revenue of $83.07 million for the quarter, compared to the consensus estimate of $89.53 million. During the same quarter last year, the company posted $0.47 earnings per share. Power Integrations’s revenue was up 7.8% 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.

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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