Insider Selling: Nicholas Brathwaite Sells 5,000 Shares of Power Integrations Stock (POWI)
Power Integrations (NASDAQ:POWI) Director Nicholas Brathwaite unloaded 5,000 shares of Power Integrations stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $55.03, for a total value of $275,150.00. Following the sale, the director now directly owns 13,476 shares in the company, valued at approximately $741,584. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Power Integrations (NASDAQ:POWI) traded down 0.31% on Tuesday, hitting $55.21. The stock had a trading volume of 202,247 shares. Power Integrations has a 52 week low of $38.07 and a 52 week high of $68.87. The stock’s 50-day moving average is $56.2 and its 200-day moving average is $57.83. The company has a market cap of $1.662 billion and a price-to-earnings ratio of 27.89.
Power Integrations (NASDAQ:POWI) last released its earnings data on Tuesday, July 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $88.92 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Power Integrations will post $2.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.10.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Power Integrations from $52.00 to $60.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Power Integrations from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $54.40 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Power Integrations from $64.00 to $66.00 in a research note on Tuesday, July 1st. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $61.08.
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.
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