Power Integrations VP Ben Sutherland Sells 2,459 Shares (POWI)
Power Integrations (NASDAQ:POWI) VP Ben Sutherland sold 2,459 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.79, for a total value of $137,187.61. Following the completion of the sale, the vice president now directly owns 18,607 shares of the company’s stock, valued at approximately $1,038,085. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Power Integrations (NASDAQ:POWI) traded down 0.78% during mid-day trading on Thursday, hitting $55.04. 112,314 shares of the company’s stock traded hands. Power Integrations has a one year low of $38.07 and a one year high of $68.87. The stock has a 50-day moving average of $55.60 and a 200-day moving average of $57.6. The company has a market cap of $1.657 billion and a P/E ratio of 27.93.
Power Integrations (NASDAQ:POWI) last issued its quarterly 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. On average, analysts predict that Power Integrations will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.10.
A number of research firms have recently commented on POWI. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Power Integrations has a consensus rating of “Buy” and a consensus price target 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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