Power Integrations VP Unloads $137,188 in Stock (POWI)
Power Integrations (NASDAQ:POWI) VP Ben Sutherland sold 2,459 shares of Power Integrations stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.79, for a total transaction of $137,187.61. Following the completion of the transaction, 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 filing with the SEC, which is available at this link.
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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Power Integrations currently has a consensus rating of “Buy” and a consensus price target of $61.08.
Power Integrations (NASDAQ:POWI) traded down 0.09% during mid-day trading on Monday, hitting $54.66. 6,206 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’s 50-day moving average is $55.55 and its 200-day moving average is $57.58. The company has a market cap of $1.645 billion and a P/E ratio of 27.55.
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. Power Integrations’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Power Integrations will post $2.54 EPS 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 0.88%. The ex-dividend date is Wednesday, August 27th. This is a boost from Power Integrations’s previous quarterly dividend of $0.10.
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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